This business has been in operation for over 30 years, but in 2001 the business changed its prime product from Industrial Signage to manufacturing 'Architectural Panels' for building projects. The business is one of only two such companies in Atlantic Canada. In 2021, the first year of operations, the business invested close to $1,000,000 in capital equipment. Sales in 2021-2022 were close to $1,000,000 and double that in 2022-23. Having said that, the owners have identified that additional working capital is required to advance the business' ambitious goals.
- Asking Price:
- $990,000 (CAD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,978,796 (CAD)
- Cash Flow:
- $129,707 (CAD)
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business occupies rented premises in an Industrial Park in Nova Scotia.
Business Operation
- Expansion Potential:
-
Although this business has already completed projects in Nova Scotia and the US, the greatest immediate potential for growth is within the Halifax market itself, but a new owner or partner could open up opportunities elsewhere such as the rest of Canada or additionally in the US.
- Competition / Market:
-
The Construction Industry is always competitive, but there is only one other competitor manufacturing panels in Atlantic Canada.
- Reasons for selling:
-
This business is looking for an industry experienced partner or buyer to expand opportunities.
- Trading hours:
-
Monday-Friday 8am-4:30pm
- Employees:
- 11 FT
- Years established:
- 2
Other Information
- Support & training:
-
Will train for 52 weeks @ $0 cost.
- Furniture / Fixtures value:
- $798,388 (CAD) - included in the asking price
- Inventory / Stock value:
- $95,617 (CAD) - included in the asking price
