Turnaround Custom Machine & Fabrication Opportunity
Location: Okanagan Valley, British Columbia
Industry: Machine Shops
Listing ID: VANCOBC002-N520
Located in one of Canada’s most desirable and fastest growing regions, this business has developed a strong reputation for superior service and craftsmanship in the machining and fabrication arena. The business over its 10+ years of service has developed a diverse range of clients and continues to reinvest in equipment to maximize its growth potential.
Due to an adverse personal situation, the vendor is no longer able to commit to the business’ long-term success.
This is an ideal opportunity for an industry professional looking to buy a new career in a region desired by many. With recent COVID-19 events, this may also be an opportunity for a manufacturing business to bring their machining and fabrication opportunities in-house which were historically outsourced.
The company prides itself on workmanship and the quality of its equipment which a new buyer will take immediate advantage of in this acquisition.
Asking Price: $229,500
Type of Sale: Share Sale
Inclusions in Asking Price: Operational Balance Sheet Inclusive of Furniture, Fixtures, and Equipment (FMV $360,000); and Normal Net Working Capital (Inclusive of $10,000 Inventory)
Total Sales: $442,000
Inventory: $10,000 (Included in Price)
Reason For Sale:
Vendor is no longer able to commit to the business due to personal reasons.
Training & Support:
Vendor will provide an agreed period of training and transition to the new owner.
Year Established: Over 10 Years
Employees: 3 Employees
Growth opportunities and expansion potential available in a Confidential Information Memorandum, please contact us for more information.