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An edmonton based well respected manufacturing company within the oil and gas industry for sale, established in 1987. The business has an established reputation as being a supplier of choice for the major players in the industry nation wide, specializing in fittings and flanges. The product line is primarily standardized products, with a significant amount of business from repeat customers. Approximately 60% to 75% customer base is located in Alberta.
The company is a member of the Canadian Manufactures Association, and has earned numerous client appreciation awards. The company performs with consistent earnings year over year, with handsome rewards for an astute business owner.
The business is listed at $1,250,000. The owner would also sell the real estate, asking price $2,000,000.
Dividend: $320,000 + Wages $90,000= $410,000 owner compensation
Available as lease or with real property included
N/A- stand alone commercial building
Located with convenient access to key arteries within Edmonton.
Fenced, graveled yard.
Rental income potential. The premises which the business operates out of could be leased OR purchased. Ie a potential owner could buy just the business and lease the premises, OR buy the business and building. The business occupies 3 out of 5 industrial bays. The building is a stand alone building with a fenced, graveled yard.
The business financials show impressive earnings for the astute business owner, a purchaser can expand the product lines and aggressively expand marketing reach. The present owner has developed a base of satisfied customers and has won numerous client appreciation awards, however has not focused his efforts on actively pursuing new business and driving his business forward.
The owner is a hard working and honest man. He has been very successful with his business having built it from the ground up; he is looking to scale back to spend more time with his family.
Operating hours: 8:00 am to 4:30 pm Monday- Friday.
The business has products that are National standard compliant- approved and registered with applicable government bodies nation wide.
The owner has developed a Quality Control Manual, which establishes the caliber of products that it provides to its customers. The quality control manual includes: Material Control review, Non Destructive Examination, Measuring and Testing Equipment review, and a Correction of Non conformance's.
Training available to a prospective purchaser, duration negotiable. The owner has created this business from the ground up since 1987, so he is heavily invested into wanting a new owner to be successful and ensuring customers are serviced at high standards.
No ownership financing available, however the business broker that helping the owner sell his business has done some preemptive work in establishing bank qualification standards and bank contacts.
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