Summary

Status: Active
Region: Vancouver Island
Category: Manufacturing
Description:

This well established and highly regarded manufacturing business gained prominence within the industry as a result of a line of custom made, high-quality, specialized products. Due to exceptional product performance and innovative design techniques the business has grown to include a national customer base, while retaining a very loyal, local following as well.

The owners have effectively tested and proven their place in the market by achieving steady annual growth, which has allowed them to be an industry leader for more than 20 years. The business has always placed high value on the importance of the skilled labour component and has harvested and maintained a long-tenured work force of over 50 employees, resulting in the business being a much sought-after employer. In addition to fabrication, custom design and product manufacturing, the company possesses several expansion opportunities through its affiliated supply chains.

Located centrally on Vancouver Island, this business services a vast spectrum of clients throughout British Columbia and Alberta, and with the current value of the Canadian dollar, the US market demand has increased.

This business would continue to thrive under the ownership of a driven and ambitious new leader. The new owner will reap the lasting benefits of a very firmly established, customer-retention focused operation.

The weighted 5 year weighted normalized EBITDA is $642,000 (5-year historical and current). YE August 31; Revenue: $7,250,000 Projected 2018; $6,465,300 - 2017; $6,529,000 - 2016; $9,448,834 - 2015; $8,147,817 - 2014; $7,457,365 - 2013.
Normalized EBITDA $816,000 - 2018 projected; $425,500 - 2017; $450,100 - 2016; $1,486,000 - 2015; $964,800 - 2014; $998,900 - 2013.

Asking price is $2,900,000 plus inventory; open to offers.

The semi-retiring owner is looking to turn the company over to a buyer with the same passion for exceptional customer satisfaction.

Contact Michael Naprawa at BC Business Broker for more information at 877-289-0969 or e-mail mjn@bcbusinessbroker.ca

Broker: Michael Naprawa
Listing ID: VANISBC001-N171
City/Town: Vancouver Island

Financials

Asking Price: $2,900,000
Revenue: $7,000,000
Net Cash Flow: $650,000 (Normalized EBITDA)
Monthly Payroll: $210,000
FF&E Asking Price: $800,000
Inventory Asking Price: $1,500,000 (Not Included)

Property

Real Estate Available: Yes
Real Estate Asking Price: $3,800,000
Building Size: 28000 sq. ft. (between two building sites)
Rent: $19,500
Seats: NA
Parking: Unrestricted

Operations

Franchise: No
Homebased: No
Relocatable: Yes
Full-Time Employees: 50-65 (varies)
Trading Hours: 8 - 4:30 Monday to Friday; 9 - 4 Saturday
Reason for Sale: Owner semi-retirement