Manufacturing & Production in Wire Forming

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.