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Manufacturer Underground Mining Utility Vehicles In Northern Ontario For Sale

Northern Ontario, Ontario, Canada
Freehold Price:
Over $5M (CAD)
Lease Asking Price:
Over $5M (CAD)
Sales Revenue:
$11,200,000 (CAD)
Cash Flow:
Available on request

Established Underground Mine Supply Company providing Electrical Systems, Equipment Re-Building, and its own Proprietary line of Underground Utility Vehicles.

The Company is a privately-owned Canadian mining supply company located in Greater Sudbury, Ontario, specializing in underground mine electrical systems, the distributing, servicing, re-building, and manufacturing of underground mining equipment. They have continued to grow steadily and aggressively because of their ability to service a diverse assortment of customer needs.

The Business has operated since 2005, and in late 2017, re-positioned itself for greater market presence to focus growth on its own proprietary underground mine utility vehicle line, having engineered and designed various types of units with safety and reliability in mind, to meet the demanding needs of rough underground terrain.

The Company has recently completed its “re-branding” stage, has an established presence in North America, and has now expanded to Latin America.

For year ending October 31, 2019, gross revenues have exceeded $11.2M.

All of the issued and outstanding shares in the Company are being offered for sale at an undisclosed price. Not included is the real estate. The owner will either sell the real estate or enter into a lease agreement on terms and conditions acceptable to both parties.

Property Information

Real Estate:

Available as lease or with real property included

Location:

Northern Ontario

Premises Details:

Existing building fully equipped with 10 bays in ~ 13,300 S.F. functional building on 1.87 acres of land.

Business Operation

Expansion Potential:

Global opportunity!

Reasons for selling:

The business is now positioned to attract a much larger buyer. Owner fatigue has set in.

Employees:
Near 40
Years established:
Since 2005

Other Information

Inventory / Stock value:
$5,000,000 (CAD)
Related Documents:
Lease asking price:
Over $5M (CAD)
Relocatable:
This business can be relocated.

Contact Information

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