Business Overview:
This growing and highly profitable manufacturer of metal components is located in Southwest Ontario. The business has been in operation for over 35 years, and the current owners have had it for over 20 years. The business owners also own the building and land used by the business. The operations are housed in two adjacent buildings on about 2 ? acres of land. The owners expect to enter into a long term lease with the buyer of the business, although they may also consider granting an option to purchase the real estate in the future at the then-current market price. Following a one-year COVID disruption, revenues and profitability are better than ever. The business is expected to be transferred with a very healthy Balance Sheet, including equipment with a fair market value of about $1.1 million, and Working Capital of $700k (includes $200k in Inventory). The facility has lots of room to support additional revenue, and the workforce is stable, well-trained, and capable.
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Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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