Business Overview:
Total value of assets are $1,253,660 and bank loan is nearly collateralized! This component manufacturer has clients that include distributors and government entities! Clients include distributors and government entities. Operating out of a 15,000 square foot state-of-the-art facility, this company manufactures and fabricates emission control devices for vehicles, heavy equipment, and power generators. The business uses state-of-the-art equipment and techniques to fabricate components that are used in both new equipment as well as retrofits. Equipment includes CNC Machines, Laser & Plasma Cutters, welding equipment, mechanical tools, hand tools. The business also operates a satellite operation in Washington state, through a US subsidiary. This subsidiary generates significant business and allows the business to perform jobs for government entities who prefer to deal with American businesses. This business has a 23% profit margin! The owner is willing to stay on up to one year and is in the process of planning for retirement.
The fabricated components are sold to clients all over Canada, the United States, and worldwide, and 75% of sales are made to repeat customers. There are significant growth opportunities in the US market. Their clientele consists of distributors, government entities, public institutions, and commercial customers. Sales are made 20% directly to customers and 80% through distributors, with most distributors located in the United States. Personnel includes 13 W-2 employees and 4 independent contractors.
This business has a great reputation and consistently gains customers by word of mouth! Growth opportunity would include hiring a dedicated salesperson, marketing, and direct sales to the OEM.
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Property Features and Assets:
Equipment: $356,415: CNC Machines, Laser & Plasma Cutters, welding equipment, mechanical tools, hand tools
Vehicles: $87,060: 3 Pick-Up Trucks, 2 Trailers (12ft & 27ft)
A/R: $335,490
Inventory: $474,695
Market Competition and Expansion:
Growth Opportunities: Hiring salesperson, increasing marketing, and expanding US sales
Reason for Selling:
Retirement/other opportunities
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.
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