With over $1.25M in assets and a 23% profit margin, this Toronto business has clients all over Canada, the United States, and worldwide! This emission component design and manufacturing company operates out of a 20,000 square foot facility with state-of-the-art equipment and techniques to fabricate products used in new equipment and as retrofits. The business also operates a satellite operation in Washington state, through a US subsidiary. This subsidiary generates significant business and allows the business to perform jobs for government entities who prefer to deal with American businesses. They offer a variety of services to meet their clients’ needs, including CNC spin forming, laser cutting, CNC rolling, mandrel tube bending, MiG and TiG welding, and CNC plasma cutting. Assets are comprised of CNC machines, laser & plasma cutters, welding equipment, mechanical tools, and hand tools. The team is made up of 14 W-2 employees and 3 independent contractors.
The owner is willing to stay on up to one year and is interested in pursuing other interests.
Their clientele consists of distributors, government entities, public institutions, and commercial customers; 75% of sales are made to repeat customers. Sales are made 20% directly to customers and 80% through distributors, with most distributors located in the United States.
This business has a great reputation and consistently gains customers by word of mouth. Growth opportunities include hiring a dedicated salesperson, marketing, and direct sales to the OEM.