Profitable Canadian business, in operation for decades, designs and produces custom made tool and die components for the metal stamping industry; a turnkey machine/tool shop. The owner is planning to retire soon and is looking for the right party willing to take over and continue serving customers acquired over decades of activity. This would serve well experienced Tool and Die makers, die-makers, and machinists, who want to start their own business, and make money from day one, thanks to the solid base of customers. Also great for existing similar businesses who want to grow by acquisition.
Basic Financial info.
Sales: in the range of 700K to 900K
Seller Discretionary Earnings, in the range of 26% of sales. Priced at $600K
Owner is willing to stay for a period of transition of up to one year.
- Asking Price:
- $600,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $500K - $1M (CAD)
- Cash Flow:
- $100K - $250K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
New lease to be set-up, at current market rates.
- Location:
-
Prime industrial area in the city, with parking
- Premises Details:
-
industrial building unit
Business Operation
- Expansion Potential:
-
There is some of room for expansion, but this is really up to the buyers as to how he wants to do it. Relocation is possible but that will have to be evaluated to see whether it can reasonably be done.
- Competition / Market:
-
There is competition in the area, but this business has been established for a long time, and sells mostly to an established Loyal Customer Base, a reliable source of revenue for decades.
- Reasons for selling:
-
retirement
- Trading hours:
-
normal business hours
Other Information
- Support & training:
-
Owner is willing to train and support the buyer to ensure a smooth transfer of the business. He has a time frame of up to one year after the sale.
- Relocatable:
- This business can be relocated.
