Growing Roof Truss Business in Southwestern Ontario

Listing ID:
TORONON002-N487

Greater Toronto West, Ontario, Canada

Construction of Buildings

Listing Status: Active

Sunbelt of Toronto, West

Phone: 905-602-5003
Fax: 519-489-2755

The following broker is assigned to this listing:

Robert Mitchell

robmitchell@sunbeltnetwork.com
Cell: (519) 820-9043
Real Estate License ID: 4745032

Description

This business has it all. State of the art equipment, a purpose built manufacturing facility on a fully fenced and gravel yard, highly skilled and dedicated employees, and growing sales and profits. This business specializes in the designing, engineering and manufacturing of roof trusses and engineered floor joists, related to all Farm, Commercial and Residential structures. The company was started by the current owners and they wish to retire. They currently spend very little time at the business and a new owner that was involved in the business could improve systems and increase sales. The company does no marketing and does not have a sales person or website. There is an opportunity to grow the business by accepting work that is currently being turned away, create a website and perform normal marketing and sales efforts, adding a designer, and adding staff to afternoons or weekends. 2016 is expected to finish 35% higher in sales and profits than 2015. There is over $500,000 of booked orders. The owners expect that sales could double with the addition of another designer. This business includes the land and buildings, all the equipment, and a generous amount of working capital. It should be very straightforward to finance this business with a reasonable downpayment from the buyer. This is a great opportunity for an entrepreneur to purchase a well established business with a strong balance sheet. Contact Robert Mitchell at robmitchell@sunbeltnetwork.com

Financials

Asking Price:$2,600,000
Revenue:$3,000,000
Cash Flow:$500,000
Downpayment:$0
Monthly Payroll:$0
FF&E Asking Price:$1,400,000 (Included in Asking Price)
Inventory Asking Price:$350,000 (Included in Asking Price)
Financing Available?No

Property

Asking Price:$0 (Included in Asking Price)
Building Size:N/A

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:1987
Year Acquired:1987
Full-Time Employees:12
Part-Time Employees:N/A
Reason For Sale:Seller is retiring.