* Included in Asking Price
This is an excellent opportunity to acquire a 21-year old CWB certified premier millwrighting and metal fabrication company in the greater Hamilton area. Established in 1997, this business primarily caters to the municipal and private recycling and food companies, offering fabrication, millwrighting, electrical services, hydraulic services, conveyor systems, and preventative maintenance.
The business has exclusive distribution agreements in Ontario with multi-national equipment manufacturers, as well as, maintenance service arrangements that guarantee ongoing workflow. New sales are primarily driven by word-of-mouth referrals from existing clients. The business has demonstrated consistent year-over-year sales growth, with steady cash-flows.
The business capitalizes on its outstanding reputation within the region. The company has an established management structure in place and highly competent and skilled employees, ensuring excellent quality services to their clients.
The premises that the business occupies are approximately 10,000 square feet and fully equipped with a variety of industry related equipment, office space, and storage. Real estate is owned by the business and available for sale at a market rate. Real Estate is not included in the asking price below.
This business opportunity is ideal for a larger industrial millwrighting company looking to diversify and expand product and service offerings; an investor or individual with prior related experience, seeking an established profitable opportunity. Asking price includes, in addition to all equipment, a normal amount of working capital. Owner involvement in the business at the moment is minimal.
Asking price (Business): Available Upon Request
Revenue (2017): $ 3,755,000
Normalized SDE (2017): $ 593,000
Normalized EBITDA (2017): $ 563,000
FF&E: $ 211,000
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