Toronto, Ontario
| Asking Price |
$9,565,000 |
Year Established |
45 |
|
| Annual Revenue |
$5,204,180 |
Reason for Selling |
Retirement planning. |
|
| Annual P/L |
|
Attention |
Cortney Sells |
|
| Annual Cash Flow |
$1,143,080 |
Listing Number |
594898 |
|
| # of Employees |
22 |
Business Category |
Manufacturing: Metal Products |
|
Business Overview:
This niche fabrication & manufacturing company is boasting strong year over year growth with their diverse reoccurring client base. Included with the purchase is over $11M in assets, which over-collateralizes the bank loan by $1.9M! Their clients include a wide range of industries including agriculture, automotive, electrical, medical, lawn & garden, and government. For these clients, they are manufacturing industrial springs, wire forms, and stamping. There was more than 20 million products produced last year! The breakdown of revenue is 42% wire forms, 31% springs, 21% stamping, 4% assembly, 2% misc. Based in the Toronto area, they service both domestic and international clients. Their primary international clients are the United States and Mexico. Combined, revenue from these countries make up 26% of revenue. Their upgraded facility is 46,900 square feet and was built in 2006 to allow for growth. The team of 22 is made up of 5 Supervisors, 1 Shipping Manager, 3 Quality Control Techs, 2 Shipping/Receiving, 1 Office Admin, 5 Set Up Operators, and 5 Machine Operators, not including the owners. The owners are selling as a method of retirement planning, but they are happy to stay on board for 2-4 years post-close to ensure a smooth and successful transition.
Priced at $9,565,000 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 10% seller financing which shows a vested interest in the business’s continued growth and success in years to come.
**The Firm Advisors is a consultant to the owner. The Firm Advisors does not represent real estate, nor provide accounting services. The Firm Advisors solely advises on exit strategy planning.
Property Features and Assets:
Assets Included in Purchase: $11,710,000
Equipment: $2,400,000 (including: new robots, coilers, dereelers, wire formers, threaders, presses, ovens, welders, scales, and more)
A/R: $1,239,405 – A/P: $612,836
Working Capital: $630,000
WIP: $427,875
Inventory: $852,445
Facility Appraisal: $7,400,000 – The Firm Advisors does not broker or represent the real estate.
Market Competition and Expansion:
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity