Specialized Inspection Equipment Manufacturer in the Greater Toronto Area

Listing ID:
TORONCT001-N11

Confidential, Ontario, Canada

Manufacturing - Metal, Machinery, Computer, Electronic

Listing Status: Active

Sunbelt of Toronto Center

Phone: 416-360-0404
Fax: 1-866-643-3154

The following broker is assigned to this listing:

Jack Elias

jack.elias@sunbeltcanada.com

Description

This highly profitable Canadian manufacturer of specialized inspection equipment sells mostly to US based customers through a network of distributors. Excellent equipment quality, reliability and functionality have made their products the standard in the industry and resulted in very loyal repeat customers. High barriers to entry. The manufacture of standard parts is outsourced, while critical design, manufacturing, assembly and testing functions are kept in-house. Service business is growing, and a new US based service depot has just been created. The owners of the business also own the real estate from which it operates and are open to including it in any deal. Alternately, a long term lease with the new owner can be arranged. Trained and capable employees ensure business continuity. Newly introduced products support future growth. Other aspects of this remarkably successful business include: - Working Capital is included, with a specified value of $700,000 (of which approximately $520,000 is in Inventory), which is what is normally required to operate the business. - FF&E is in excellent condition, with new equipment purchased recently, which will limit the need for future capital expenditures. Owner believes market value of FF&E to be about $223,000. - Excellent facility - well lighted, air conditioned, spacious, clean and comfortable. - Most expenses are incurred in Canadian dollars, while most sales are made in USD. - Diverse customer base includes individuals and corporations in the building trades services. - Normalized EBITDA margins close to 50%. This is an excellent opportunity for someone in a similar or related industry.

Financials

Asking Price:$8,900,000
Revenue:$3,921,288
Cash Flow:$1,800,000
Downpayment: NEGOTIABLE
Monthly Payroll: ON REQUEST
FF&E Asking Price:N/A (Included in Asking Price)
Inventory Asking Price: N/A (Included in Asking Price)
Financing Available?Yes

Property

Asking Price: NEGOTIABLE
Building Size:9000 sq ft

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:2003
Year Acquired:2003
Full-Time Employees:14
Part-Time Employees:N/A
Reason For Sale:Retirement