Listing ID: W00049
Back To ListingsBusiness Location and Business Sector sought by this Buyer
Location
British Columbia, Canada
Buyer's First Choice(s)
Manufacturing
Fabricated Metal Products
Industrial, Commercial Machinery
Lumber and Wood Products, except Furniture
Buyer's Second Choice(s)
Manufacturing
Rubber, Plastics Products
Fabricated Textile Products
Miscellaneous Manufacturing Industries
About the Business Wanted by this Buyer
I would be fine with vertually any "not too highly technical" manufacturing business. I am an experienced businessman in my mid 40s with 18 solid years experience. I am a hands-on, mechanical type of operator and am ready, willing and able to roll up my sleves, get dirty and learn about the business I will be purchasing.
I prefer business to business sales and marketing, but would probably not exclude an industrial or commercial retail business. And, I'm sure there will be businesses out there that I haven't even thought of at this point, so let me just say that I am a businessman interested in good profitable business enterprise with a future.
Types of Business Not Wanted by this Buyer
I think I am probably not ideally suited to a highly technical business.
Price Range and Terms of Payment wanted by this Buyer
Ideal Purchase Price, Revenues and/or Earnings (buyer's expectations)
Buyer is searching for a Business-for-Sale priced between
(min)
2,000,000
(max)
6,000,000
Terms of Payment and Financing Arrangements (buyer's expectations)
Buyer's own Cash available to Close
(min)
500,000
25.0%
(max)
1,500,000
25.0%
Commercial Financing (bank or other third party) anticipated
(min)
1,000,000
50.0%
(max)
3,000,000
50.0%
Vendor Take Back (aka Seller Financing) anticipated
(min)
500,000
25.0%
(max)
1,500,000
25.0%
Other Form(s) of Financing (… see comments, if any)
(min)
0
0.0%
(max)
0
0.0%
About the Buyer's Background
I have owned and was the primary operator of two businesses over the past 17 years; one from 2001 to 2011, and the other from 2009 to 2016. I purchased both when they were in a bit of financial trouble and was able to turn them both around and grow them quite substantially. I sold one of them in 2011 and the other in 2016, and both business continue to do well. One is a manufacture/fabricator of metal products; equipment, The other an industrial service centre. Neither in the BC lower mainland.
About Pricing and/or Terms
This time I want an established business with a proven earnings record that is apt to continue its sales and profitability levels and I'm prepared to pay a fair market price for it. I have financial capabilities, including cash on hand and good banking relationships. I can and will act quickly, once I've found the right business.
I would also be open to a buy-out over time, if the current owner wasn't quite ready to just quit and go away; to quite ready to retire perhaps, but might see me as a good opportunity to help provide the way to step out at the right time.
Buyer's NetWorth (Balance Sheet) and About Buyer's Ability to Pay
Assets
Available Cash
600,000
Other Current Assets
1,500,000
Real Estate Assets
780,000
Other Long Term Assets
3,250,000
Total Assets
6,130,000
Liabilities
Current Debt
12,000
Other Current Liabilities
0
Mortgage Liabilities
320,000
Other Long Term Liabilities
0
Total Liabilities
332,000
Net Worth/Net Balance Sheet
5,798,000
About Buyer's Net Worth Statement/Balance Sheet
Current Assets include market investments that are ready cash. Long Term assets include longer term investment and the unpaid balance of the Vendor Take Back financing I provided on the sale of my last business.
About Buyer's Ability to Pay and Other Comments
I have the ability to buy the business I am looking for and am prepared to prove that, and the content of the Business Wanted Ad, to the right owner of the right business, at the right time. I am a serious, ready, willing and able buyer.
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.