This well established and regarded manufacturing business gained prominence within the industry as a result of a line of custom made, high-quality, specialized products. Due to exceptional product performance and innovative design the business has grown to include a provincial customer base, while retaining a very loyal, local following as well.
The company specializes in 1 product line, but more could be added. The owners have effectively tested and proven their place in the market which has allowed them to be an industry leader. The business has always placed high value on the importance of the skilled labour component and has maintained a tenured work force of 6 employees.
The business operates out of 2 locations adjacent to each other. The main location where sales and storage is located is leased from one of the principles. The fabrication facility is leased form a third non-related party.
The business is managed by the majority owner.
The company was founded as a custom manufacturer of the one product line (consists of several components), but when labour issues arose in 2020 as a result of covid, they sourced a foreign entity to manufacture their highly sought after designs and established the wholesale division to installers throughout the mainland of BC. This has propelled sales and increased profits substantially. This has made them one of the largest suppliers of this product in BC. They still manufacture several custom product designs that are unique for each customer. They also established 2 local installers, which could be doubled to increase revenue significantly as a large demographic of the Island is not serviced right now.
Located on Vancouver Island, this business services a vast spectrum of clients, directly on Vancouver Island and through wholesale on the mainland of BC.
This business would continue to thrive under the ownership of a driven and ambitious new leader. The new owner will reap the lasting benefits of a very firmly established operation.
The weighted 5 year weighted normalized EBITDA is $730,496 (5-year historical and current).
YE Revenue August 31; $2,292,658 – 2023; $2,591,356- 2022; $2,213,673 - 2021; $1,442,399- 2020; $1,263,660 - 2019.
Normalized EBITDA $825,747 – 2023; $949,722 - 2022; $543,047 - 2021; $216,358 - 2020; $278,908 - 2019.
Asking price is $3,100,000 including $1,000,000 inventory/WIP.
A buyer must be qualified and have no less than $600,000 of unencumbered cash and prepared to engage in a completion of 3 months.
