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Well established, Canadian owned company, located North of Toronto. (Barrie area)
The business is also suitable for absentee owner operation, seller is willing to stay on up to 3 years to run the business for the new owner,
Specializing in metal fabrication for customs specifications also manufacture standard products.
They offer high quality products with skilled employees utilizing:
• Fiber Laser Cutting
• Automated Metal Stamping
• CNC Turrent Punch
• Plasma Cutting
• Custom Tool Room
• Automated Robotic Welding
• Roll Forming
The company has repeat and loyal customers.
Owner is retiring, but will remain with the business for an agreed period to assure smooth transition.
Business could be relocated if needed.
Revenues: $2.4 Mil. with over $500,000 net to owner manager, plus the company just received a US contract which would give additional revenues of minimum $2Mil for the next 12 months with an additional $200K profit.(Total estimated net of $710,000) They are also working on some other Canadian contracts which will provide similar additional revenues.
$140,000 (CAD) per annum
New contracts available. Great potentials to expand the business . Seller will assists.
None in certain products.
Retirement and illness
Owner will train and stay on for an agreed period.
None from owner, could be arranged through banks
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