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NEW

Retirement - Electrical and Mechanical Machinery Business

Revenue:

$2,450,000

Ref #:

6065

Location:

North GTA

- This profitable B2B business has been established for more than 35 years

- Company has a multi-year track record of profitability. Fiscal Y/E 2021 revenue of $2.5M, 2020 revenue of $2.7M. Business has achieved $1.75M in revenue in first nine months of the current fiscal year

- Owner(s) discretionary cash flow of $679K in 2021 and $1.05M in 2020

- Business has various ongoing revenue streams i.e., machinery imports, machinery manufacturing and repairs, sales of consumable supplies, repurchase and sale of used equipment etc.

- Serves variety of industries including Breweries, Cannabis, Pharmaceuticals, Food, Detergents etc.

- Core products include a range of packaging equipment including sealers, labelers, fillers, cappers, turntables, conveyers etc.

- Business has in-house capabilities to manufacture custom-made equipment as needed by the client

- Staff of 10 employees and 2 subcontractors including a production manager who is capable of running the business with minimal supervision. Owner’s key role in the business is sales and general management

- Owner is looking to retire, however, is willing to stay for a transition period of 6 months to 2 years

- Ideal buyer would have B2B sales experience in the commercial machinery sector