Manufacturer Wire Products & Specialized Stampings

Toronto, Ontario


Asking Price: Annual Revenue:
$3,255,000 $5,204,141

Manufacturing: Metal Products


Request More Information
Contact the Seller

RE: Manufacturer Wire Products & Specialized Stampings Broker: Cortney Sells
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: $3,255,000
Annual Revenue: $5,204,141
Net Profit: Not Disclosed
Cash Flow: $697,855
Total Debt: Not Disclosed
FF&E: $2,164,907
Real Estate: Not Disclosed
Year Established: 45+
Employees: 19
BBN Listing #: 241634398
Broker Reference #: MFG011-B

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

Established over 45 years ago, this Southern Ontario based fabrication business has built both a domestic and an international client base! These customers come from extremely diverse industries including agriculture, automotive, electrical, medical, and government. Their services include manufacturing custom springs, wire forms, and stampings for assembly lines. The business produced more than 20 million products last year! Of which, 42% were wire forms, 31% were springs, 21% stamping, and 4% assembly. Included in this purchase is over $2M of equipment and $500,000 in inventory, which collateralizes 100% of the price plus $850,000 of working capital. The current staff operates out of their 46,900 square feet location and includes 5 Supervisors, 3 Quality Control Techs, 2 Shipping/Receiving, 1 Office Admin, 5 Set Up Operators, and 3 Machine Operators. All owners are planning to stay with the business for 3-5 years after purchase to continue their current responsibilities and/or train replacements.

There are 4 equal shareholders of this business, and their collective responsibilities include the oversite of administrative, quality control, production, and financial responsibilities. Current ownership has offered a 3–5-year transition period to mentor and train replacements. 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.

Priced at $3,255,000 this business offers prospective buyers the opportunity to not only purchase a business, but a legacy. In addition to their referral gathering reputation, growth opportunities for new ownership could include implementing or expanding marketing and advertising tactics. The sellers have offered 15% seller financing which shows a vested interest in the business’s continued growth and success in years to come.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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.

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:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!