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Listing# :
18091
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Listed Price :
$990,000
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Total Sales :
$1,978,796
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SIC :
1791
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Down Payment :
$990,000
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Status :
Active
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Discretionary Earnings :
$129,707
Business Type :
Manufacturing / Mfg-Metal Products, Manufacturing / Mfg-Fabrication
Business Description :
This business has been in operation for over 30 years, but in 2001 the business changed its prime product from Industrial Signage to manufacturing 'Architectural Panels' for building projects. The business is one of only two such companies in Atlantic Canada. In 2021, the first year of operations, the business invested close to $1,000,000 in capital equipment. Sales in 2021-2022 were close to $1,000,000 and double that in 2022-23. Having said that, the owners have identified that additional working capital is required to advance the business' ambitious goals.
Assets/Liabilities:
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Accounts Receivable $269,855
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Incl : Yes
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Real Estate $0
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Incl :
-
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Inventory $95,617
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Incl : Yes
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Liabilities $1,216,891
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Incl : Yes
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FF&E $798,388
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Incl : Yes
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Other: $1,826
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Incl : Yes
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Leasehold $0
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Incl :
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Total Assets
$1,165,686
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Incl : Yes
Lender Prequalified: No
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