Manufacturing & Production in Wire Forming

Toronto, Ontario


Asking Price: Annual Revenue:
$3,000,000 $5,167,164

Manufacturing: Metal Products


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RE: Manufacturing & Production in Wire Forming Broker: Jared Olson
Owner Financing is Available!
15% Buyer Down Payment $450,000 15% Seller Financing or Equity Roll $450,000 70% Bank Loan $2,100,000

Quick Facts

Asking Price: $3,000,000
Annual Revenue: $5,167,164
Net Profit: Not Disclosed
Cash Flow: $65,330
Total Debt: Not Disclosed
FF&E: $2,164,907
Real Estate: Not Disclosed
Year Established: 45+
Employees: 19
BBN Listing #: 981734398
Broker Reference #: MFG011-A

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Business Overview:

Established over 45 years ago, this Toronto 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 which collateralizes 93% of the price plus $600,000 of working capital and $425,000 of WIP. 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. They do not have any engineers on staff as they use outside services if needed.

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 $3,000,000 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.

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Property Features and Assets:

Facilities: 46,900 square feet.

Reason for Selling:

Retirement Planning.

Additional Details:

  • The property is leased.
  • 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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