This very well-operated company supplies machinery and tools to Fabricators across Canada. In Ontario they focus on direct sales and in other provinces they sell to local machinery dealers at wholesale prices.
The company has exclusive agreements with some suppliers for all of Canada. The company stocks machinery and has it electrically approved for sale in Canada, making it an easy transaction for both dealers and end users.
It maintains an inventory of parts and machinery to be sold to Canadian companies in Canadian currency, with no hidden costs or exchange risks.
By importing equipment in large, consolidated shipments, they are able to substantially reduce costs.
Combining these efforts with the best dealers across Canada, this company assures excellent local support, service, and technical advice, for the lifetime of the product.
- Asking Price:
- $2,400,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $3,500,000 (CAD)
- Cash Flow:
- $670,000 (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Building is leased with 2 years left on present lease (April 30, 2025) with 5-year renewal option at fair market value. Current Lease cost $5.50 per sq. ft. plus $4.00 TMI.
- Location:
-
Industrial Park with high walk-in businesses.
- Premises Details:
-
The building consists of 6450 sq. ft. with two offices, kitchenette, washrooms and common area of approximately 1000 sq. ft. and balance is a heated warehouse.
Business Operation
- Expansion Potential:
-
Suppliers often ask present owner to sell their products on a regular basis, so adding a new line form for these products on the website would lead to growth.
Growth can be achieved with the current product lines by adding outside sales team and or service.
- Reasons for selling:
-
Owners are planning retirement.
- Trading hours:
-
Monday – Friday, 8am – 5pm
- Employees:
- 3 plus owners
- Years established:
- 13 with present owner
Other Information
- Support & training:
-
Seller is willing to train new owner for up to 2 years if required.
- Relocatable:
- This business can be relocated.
