Looking for a buyer.
Established over 45 years ago, this Toronto based
fabrication business has built both a domestic and an
international client base! These customers come from
extremely diverse industries including agriculture,
automotive, electrical, medical, and government. Their
services include manufacturing custom springs, wire
forms, and stampings for assembly lines. The business
produced more than 20 million products last year! Of
which, 42% were wire forms, 31% were springs, 21%
stamping, and 4% assembly. Included in this purchase is
over $2M of equipment which collateralizes 93% of the
price plus $600,000 of working capital and $425,000 of
WIP. The current staff operates out of their 46,900 sq. ft.
location and includes 5 Supervisors, 3 Quality Control
Techs, 2 Shipping/Receiving, 1 Office Admin, 5 Set Up
Operators, and 3 Machine Operators. They do not have any
engineers on staff as they use outside services if needed.
There are 4 equal shareholders of this business and their
collective responsibilities include the oversite of
administrative, quality control, production, and financial
responsibilities. Current ownership has offered a 3–5-year
transition period to mentor and train replacements.
Retaining or replacing them has been accounted for in the
business’s cash flow. This business has such a long
standing and excellent reputation, they do not utilize any
designated marketing or advertising tactics. They rely on
repeat clientele and referrals.
Priced at $3,000,000 this business offers prospective
buyers the opportunity to not only purchase a business,
but a legacy. In addition to their referral gathering
reputation, growth opportunities for new ownership could
include implementing or expanding marketing and
advertising tactics. The sellers have offered 15% seller
financing which shows a vested interest in the business’s
continued growth and success in years to come.
listing type
exclusive representation
exclusive representation
industry
Manufacturing
Manufacturing
location
Toronto, ON, Canada
Toronto, ON, Canada
revenue
$5,167,164
$5,167,164
ebitda
$653,230
$653,230
proposed price
$3,000,000
$3,000,000
owner financing
$450,000
$450,000
working capital
$632,000
$632,000
equipment
$2,164,907
$2,164,907
collateral
Equipment
Equipment
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