Fabrication and Manufacturer of Niche Industrials

Toronto, Ontario


Asking Price: Annual Revenue:
$3,450,000 $5,204,141

Manufacturing: Metal Products


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RE: Fabrication and Manufacturer of Niche Industrials Broker: Jared Olson
Owner Financing is Available!
15% Buyer Down Payment $483,750 15% Seller Financing or Equity Roll $483,750 70% Bank Loan $2,257,500

Quick Facts

Asking Price: $3,450,000
Annual Revenue: $5,204,141
Net Profit: Not Disclosed
Cash Flow: $697,855
Total Debt: Not Disclosed
FF&E: $3,500,000
Real Estate: $6,500,000
Year Established: 45
Employees: 19
BBN Listing #: 165134398
Broker Reference #: MFG011-C

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Business Overview:

This manufacturing business handles a very niche area of B2B fabrication services. This business handles the manufacturing of industrial springs, wire forms, and stampings. More that 20 million products were produced last year which were made up of 42% wire forms, 31% springs, 21% stampings, 4% assembly, and 2% miscellaneous. Having been established over 45 years ago, this business has accumulated an extremely diverse international client base with business partnerships in the agricultural, automotive, electrical, medical, and lawn and garden industries. Included in the purchase of this Toronto based business is over $2M of equipment and $500,000 in inventory, which collateralizes 100% of the price plus $850,000 of working capital! All owners are planning to stay with the business for 2-5 years after purchase to continue their current responsibilities and/or train replacements. The current staff includes an established chain of command which should offer a smooth transition period. The team includes 5 Supervisors, 3 Quality Control Techs, 2 Shipping/Receiving, 1 Office Admin, 5 Set Up Operators, and 3 Machine Operators.

There are 4 equal shareholders of this business, and their collective responsibilities include the oversite of administrative, quality control, production, and financial responsibilities. Retaining or replacing them has been accounted for in the business’s cash flow. This business has such a long standing and excellent reputation, they do not utilize any designated marketing or advertising tactics. They rely on repeat clientele and referrals.

The owners have offered 15% vendor financing which shows a vested interest in the business’s continued growth and success in years to come.

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Property Features and Assets:

Assets Included in Purchase: $3,500,000 Equipment: $2,164,907 (including: new robots, coilers, dereelers, wire formers, threaders, presses, ovens, welders, scales, and more) Working Capital: $859,000 = A/R: $1,237,000 – A/P: $380,000 WIP: $427,875 Inventory: $497,956 *amounts may vary, assets may be depreciated, replacement cost, or fair market value 100% Collateralized!

Reason for Selling:

Retirement Planning.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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