Back on the market - improved profitability! With over half a century in business, this longstanding and enduringly profitable metal fabrication shop does both contract manufacturing and also fabricates their own product lines. A focus on high quality manufacturing and great customer service has lead to long term relationships with customers, resulting in a high degree of repeat business. The business is situated in the heart of Metro Vancouver which makes it easy for new and existing customers to find. Approximately 7,200 sq.ft. of indoor space serves as the location for all day to day manufacturing and fabrication. In addition, roughly 10,000 sq.ft. of yard space allows for convenient storage of inventory, products, equipment and miscellaneous assets.
Long term customers of the business are not sensitive to price. Most jobs are produced and billed based on actual costs, which guarantees profitability. The business does little pre-quoting of jobs which minimizes quote risk. As a way to set themselves apart from most small businesses, the owners have invested time and effort to make their business work for them instead of the other way around. Significant investments have been made into an accounting and ERP software to manage all aspects of the business and provide high quality reporting to facilitate and support strategic decision making. This will allow a new owner to easily take over operations and focus their time on marketing, sales and management.
The company has successfully weathered 50+ years of economic cycles and turbulence with minimal proactive sales and marketing efforts. The growth of the company has come from organic word of mouth and referrals from happy customers. With neither a website nor any real online presence, there is a strong opportunity to expand their market across the province or further. Current sales efforts are limited to answering questions from customers when contacted, but no active sales efforts are being done by the company. It is felt that by both improving the company’s web presence and the addition of a commissioned sales person to proactively solicit sales, would result in significant growth of the company. The primary geographic market the company services is the Lower Mainland with only about 5% of business coming from outside this area.
The reason for selling is due to the owners' wish to retire.
