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Asking Price$1,400,000
Revenue$2,000,000 Established1995
Cash FlowUndisclosed Employees10 full-time
FF&EUndisclosed* FranchiseNo
InventoryUndisclosed* RelocatableYes
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
This business is located in one of New Brunswick's major cities and has been in operation since 1995. Operating from company-owned premises the business designs, programs, tests manufactures and certifies a wide range of power distribution and control panels for sale to industrial and heavy commercial customers throughout Atlantic Canada and beyond. Annual revenues are in $1.5M to $2.0M range.
 
The owners are seeking the sale of the Company in its entirety. Alternatively, the owners may consider retaining ownership of the real estate and renting the premises to the buyer of the business on terms to be negotiated. The transaction will be structured as a sale of shares.  The shares are offered for sale at approximately $1,400,000 and the price will be adjusted to reflect the balance sheet at the time of closing. A buyer should anticipate a minimum equity investment of about $600,000.
Facilities:The property consists of a fully cleared one acre lot and a building that was built in 1990, it being a two story wood frame structure measuring 40' x 120'.
Growth Potential:The current owners have identified significant opportunities to grow the business and generate additional operating income in the areas of new products as well as marketing initiatives
Training/Support:Owners are willing to provide training and on going support
Seller Financing:Is available
Sale Reason:Retirement
Ad #48753
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Contact This Seller
Andrew Bryson
CBI Business Brokers
902-446-5151
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