Business Listing

Listing ID: S00225-3548spt

Industrial-Retail Manufacturer $7mil annual sales, $2.8mil net asset value, Selling Price $5million.

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Business Location and Business Sector

Location

British Columbia, Canada ( BC Lower Mainland )

Primary Business Sector

Manufacturing
Miscellaneous Manufacturing Industries

Sale Price and Terms

Purchase/Sale Price

Balance Sheet Value $2,875,526 57.4% of Sale Price
Goodwill Value $2,135,283 42.6% of Sale Price
Purchase/Sale Price $5,010,809 100.0% of Sale Price

Sale Information

The business of the Company is the Manufacture, Importation, Installation, Service and Repair of a varied line of durable (non-perishable) hardware products. Imported product is largely that which are ordered to our own specification. In-House Manufacture and Fabricated product include that of the Company's own proprietary line of equipment as well as the unique design and manufacture/fabrication of custom product to customers’ specifications, and the installation, service and repair of same. As well, we purchase and resell various products from other local manufacturers and distributors. Our major product lines are Imports and In-house manufactured.

Our market is largely two part; Retail and Commercial. Our retail customers includes both repeat customers and one-time customers. Repeat customers include Dealers (resellers), Public Entities (cities, towns, clubs, schools, etc.,) and many Private Individuals. Our commercial customers are largely repeat customers, generally 52% Retail and 48% Commercial.

Our sales are accomplished largely through our websites and trade shows, both in Canada and the USA. And our customers include both Canadian and US, who contact us generally via website, telephone, email or post and whom we contact largely in follow-up with respect to the above contacts. We have very few walk-in transactions.

The owner/seller has other business interests and now, after 16 years in this business, would like to sell in order to concentrate full time and efforts on the other business endeavors.

The business is relatively non-technical and does not take an industry specific individual to run and grow this business. It takes a person with good business acumen and a business background, and one with some sales and marketing experience and acumen would help. The company has a very good team of employees. Very light turnover and the technical know-how is well in place with these employees.

Anticipating that any buyer will be asking for the current owner's continued involvement at some level for a reasonable period of time following the close of sale to any buyer, in order to ensure a smooth transition of ownership and control and to assist the buyer in learning the business operations, the current owner is fully prepared to provide such. His hope and plan is to be totally free from this business within a year or so, although with other business interests in the area, he has no plans to leave the area and would continue to make himself available beyond that time, on an as need, if needed basis.

Contact Information

For Further Information, please make email contact with persons provided herein and be prepared to enter into (sign) a Confidentiality Agreement with regard to such information.

Business Broker/Agent

Primary Contact

James Weldon
250-783-2424
604-514-1007
james.weldon@davidsonashe.com
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