This very well-operated company supplies machinery and tools to Fabricators across Canada. In Ontario they focus on direct sales and in other provinces they sell to local machinery dealers at wholesale prices. The company has exclusive agreements with some suppliers for all of Canada. The company stocks machinery and has it electrically approved for sale in Canada, making it an easy transaction for both dealers and end users.
It maintains an inventory of parts and machinery to be sold to Canadian companies in Canadian currency, with no hidden costs or exchange risks. By importing equipment in large, consolidated shipments, they are able to substantially reduce costs.
Combining these efforts with the best dealers across Canada, this company assures excellent local support, service, and technical advice, for the lifetime of the product.

Total Sales: $3,500,000

Cash Flow: $670,000

FFE Included: Yes

Year Established: 1935 - present owner since 2011

Days & Hours of Operation: Monday – Friday, 8am – 5pm

Employees: 3 plus owners

Lease Option: Building is leased with 2 years left on present lease (April 30, 2025) with 5-year renewal option at fair market value. Current Lease cost $5.50 per sq. ft. plus $4.00 TMI.

Type of Location: Industrial Park with high walk-in business

Square Footage: 6450 sq. ft.

Relocatable: Yes

Facilities Information:

The building consists of 6450 sq. ft. with two offices, kitchenette, washrooms and common area of approximately 1000 sq. ft. and balance is a heated warehouse.

Reason For Sale:

Owners are planning retirement.

Training & Support:

Seller is willing to train new owner for up to 2 years if required.

Historical Summary:

Business originated in 1935, was inherited by a son, then by grandsons in 1978. Present owner partnered into the business in 2011 and took sole ownership in 2016. Since then the company has concentrated on more direct sales and has broadened its product offerings.

Potential Growth:

Suppliers often ask this company to sell their products on a regular basis, so adding a new line form for these products on the website would lead to growth.
Growth can be achieved with the current product lines by adding outside sales team and or service. Currently service is not operated as a profit center.