Manufacturer of IT Racking Systems

This manufacturer designs and fabricates racking and cabinetry systems across Canada (70%) and the United States (30%). The company has 26 full-time staff members, including 20 skilled craftsmen in the shop and 6 administrative personnel in the office. Their client base consists of all B2B clients with a focus on IT companies, cabling contractors, distributors, data centers, and financial institutions – 70% is direct to the end user and 30 % is to distributors. The company's services include custom-designed and manufactured racking and cabinetry for IT equipment, servers, telecom systems, routers, and modems. Additionally, they offer custom desking solutions for the financial industry, IT industry, office spaces, trading floors, command and control centers, and security offices. The company operates from a spacious 26,000 square foot facility that houses a design center, and production area. The current owner is looking to retire. The owner is not involved in the business, providing oversight and approving financials and has a team of experienced managers and employees who run the day-to-day operations. The seller has offered to carry 20% of the purchase price in addition to a 3–6-month training period in order to provide a seamless transition. Priced at $2,575,000, this business is primed and ready for a new owner to step in and enjoy a reputation that has been built over the past 45 years. A 20% down payment of $515,000 will return $407,479 in the first year after debt payments! An 79% return on investment!