Project Description

Summary:

Fabrication business for sale on Vancouver IslandWhen industrial operations on Vancouver Island need sheet metal services, the best and most established option on the island is now for sale after almost a quarter-century of success.

The business is located on Vancouver Island and operates from a 2600 square foot production shop. Its products are used in multiple industries: wood sawmills, concrete, furniture manufacturing, cabinet construction, paint booths, and exhaust systems or anywhere where fumes, waste, or gases need to be discharged.

The business has a solid customer base, which brings in $600K in annual sales revenue. All the ground work has been done, with permits obtained, taxes set up, and procedures developed. It is truly a turn-key operation for someone seeking a solid, in-demand industrial business.

Status: Active
Region: Vancouver Island
Category: Metal Fabrication, Industrial. NAICS: 332710  SIC: 399-06

Description:

When industrial operations on Vancouver Island need sheet metal services, the best and most established option on the island is now for sale after almost a quarter-century of success.

The business is located on Vancouver Island and operates from a 2600 square foot production shop. Its products are used in multiple industries: wood sawmills, concrete, furniture manufacturing, cabinet construction, paint booths, and exhaust systems or anywhere where fumes, waste, or gases need to be discharged.

The shop can work with steel up to 3/8 of an inch thick. Business is booming: mills on the island are running multiple shifts, new industries are appearing, and the construction is underway on new projects. The future for this business looks busy.

The business has a solid customer base, which brings in $600K in annual sales revenue. All the ground work has been done, with permits obtained, taxes set up, and procedures developed. It is truly a turn-key operation for someone seeking a solid, in-demand industrial business.

The buyer would benefit from familiarity with sheet metal fabrication. The current owners will help with transition training. This is the ideal opportunity for someone working in the industry to become their own boss, with a low-cost, fully established, and equipped shop.

Overhead is low. The shop is tucked into an industrial property off a major highway and leased for less than $1000 a month. The new owner will be able to take over the five-year lease. Parking, outside storage, and security are all included. Well-qualified employees work for the company and more are hired as needed.

The owner loves the success of this flourishing business and its financial rewards but is ready to personally scale back and semi-retire. If the new owner wishes, the person who built this business will stay on to handle sales, leveraging existing relationships. The co-owner will be able to provide office and management support.

This business is currently bargain priced at less than 60 per cent of annual revenue. For a tradesman seeking a solid future in a growing and open market, this business offers a stellar opportunity.

To learn more, contact Michael Naprawa.

Broker: Michael Naprawa
Listing ID: BCBBVI1019-209
City/Town: Central Vancouver Island

Financials:

Asking Price: $370,000
Revenue: $640,000
Net Cash Flow: $110,000 (SDE)
Gross Cash Flow: $200,000 (Sales Revenue less COGS)
Downpayment: $40,000
Monthly Payroll: $19,500
FF&E Asking Price: $37,500 (CCA) $150,000 (FMV) (Included)
Working Capital: $13,500 (Included)
Inventory Asking Price: $ 11,000 (Included)

Property:

Real Estate Available: N/A
Real Estate Asking Price: N/A
Building Size: 2600 Square Feet
Rent: $11,340 annually
Seats: N/A
Parking: Yes

Operations:

Franchise: No
Homebased: No
Relocatable: Yes
Year Established: 1995
Year Acquired: N/A
Full-Time Employees: 3
Part-Time Employees: Can add as needed via Union
Trading Hours: 8:00 to 3:30, Monday to Friday
Reason for Sale: Retirement