Custom Spring Manufacturer - Southern Ontario - For Sale

  • Listing# : 9371
  • Listed Price : $1,375,000
  • Total Sales : $885,000
  • SIC :
  • Down Payment : $1,375,000
  • Status : Closed
  • Discretionary Earnings : $885,000

Business Type :

Manufacturing / Mfg-Fabrication, Manufacturing / Mfg-Metal Products

Business Description :

This is an asset/business sale of a highly successful custom spring manufacturer in Southern Ontario. The business and wholly owned factory are being sold. This manufacturer designs, fabricates and manufactures springs of all sizes as standalone items and as integrated components for larger assemblies to customer specifications. This business is known for exceptional standards of quality and innovation. The selling price includes the building/land recently appraised at $725,000 plus all production equipment with an original purchase price exceeding $4 Million. Average annual revenue over the past 3 years approaches $900,000. The owner maintains a reduced work schedule. This business could easily be expanded with active sales and marketing. The business has an exceptional capability for design, fabrication and production of innovative spring solutions for commercial clients. The business has consistent positive cash flow and represents a solid investment opportunity. Well suited to an owner/operator to take the company to the next level throughout Ontario and beyond. Also perfect for a commercial spring maker that wants to enter Canada. Excellent lifestyle opportunities in this Southern Ontario community.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl : No
    • Real Estate $0
    • Incl : No
    • Inventory $100,000
    • Incl : Yes
    • Liabilities $0
    • Incl : No
    • FF&E $600,000
    • Incl : Yes
    • Other: $0
    • Incl : No
    • Leasehold $0
    • Incl : No
    • Total Assets $700,000
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Manufacturing