Located in northern New Brunswick, this successful manufacturer has been in operation for 30 years. It has no direct competition located in the Maritime provinces. Prime market areas are the Atlantic Provinces, Quebec, Eastern USA and Australia.
The business operates from approximately 30,000 square foot leased premises and has 12 employees in addition to the owner who actively manages the business. Annual revenue ranges from approximately $2M to $3.2 M including Covid years
Having established and grown a profitable and respected business the owner wishes to retire and is seeking the sale of the business in its entirety. He will remain with the company for a reasonable transition period and the current employees are expected to remain after the sale.
This opportunity will appeal to corporate acquirers who recognize existing synergies as well as to individuals who have proven management skills and the intention to take advantage of the identified opportunities for growth.
The transaction will be structured as a sale of shares. The shares are offered for sale at $2.2 M Cdn.
