Located in the Village of Lumby in the North Okanagan. Supplier of architectural precast concrete products to all major masonry distributors in Western Canada. Also a supplier of utility and patio products to Building materials stores throughout the interior of BC. Owner is retiring this year, but will provide a smooth transition and ongoing support. Very competent and knowledgeable team of employees. Owner owns the 8.5 acres of industrial land which can be leased or purchased. The land is fully sub-dividable. Environmental assessments are currently being completed.
- Asking Price:
- $1,150,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $1,100,000 (CAD)
- Cash Flow:
- $100K - $250K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
$5,100 per month currently and a favorable term can be negotiated.
- Leasehold Rent:
-
$61,200 per annum
- Living Accommodation:
-
There is a small trailer on the property where a caretaker lives.
- Location:
-
Located in the Village of Lumby, 25 minutes from Vernon, BC, 70 minutes to Kelowna BC
- Premises Details:
-
The business is situated on 8.5 acres of light industrial land, 2 minutes to Lumby centre. The land is currently leased to the business favorably by wholly-owned corporation. The land is sub-dividable and environmental approvals are currently in progress. Assessed value of the land is $2,257,000 as is.
Business Operation
- Expansion Potential:
-
Expansion potential is huge and only limited by the motivation of the owner. The current owner lives 5 months per year in Mexico and is not interested in expanding, but rather retiring.
- Competition / Market:
-
We are the only architectural precast company that only sells wholesale to distributors in Western Canada (Vancouver-Winnipeg). Our competition are companys that sell direct to masonry contractors: Sanderson Concrete Products, BC Brick, Tristar Brick and Block.
- Reasons for selling:
-
Retirement. Owner is 65.
- Trading hours:
-
6:00 AM - 2:30 PM
- Employees:
- 10
- Years established:
- 15
Other Information
- Support & training:
-
Owner will provide full support.
- Financing available:
-
Financing would be available for the land, but not the business.
- Inventory / Stock value:
- $150,000 (CAD)
- Website:
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