MergerPlace

Waterjet Cutting Services South

Ontario


  • Asking Price: $499,000
  • Gross Income: $492,806
  • Cash Flow: $214,674
  • Real Estate: Not Disclosed
  • Inventory: $26,376
  • FF&E: $300,000
  • Listing ID: #213250
  • Established: 2001
  • Employees: 2 FT

Business Description

This profitable Waterjet cutting business is located 1 hour west of Toronto and has been serving the local market since 2001. The business has established key relationships within the local manufacturing industry as well as customers outside the province. The business has succeeded and grown from their ability to provide quality workmanship, deliver jobs on time and at competitive prices.
The owner is looking for a share sale and the business comes with $85,000 of working capital.


Business Details

Primary Business Category: Manufacturing - Miscellaneous Manufacturing
Location: Ontario

Company Information

Year Established: 2001
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT

Financial Information

Asking Price: $499,000
Gross Revenue: $492,806
Cash Flow: $214,674
FF&E: $300,000
Inventory: $26,376
Seller Financing Available: No

Property Information

Facilities:

This business operates out of a 4000 sq. ft. manufacturing facility with an easily accessible loading dock with grade level entry. The facility contains three high-quality Waterjet cutting machines one large 87k PSI 6x12 Flow Waterjet cutter, one 60k PSI 4x8 Flow Waterjet cutter and a 60k PSI 4x4 Flow Waterjet cutter. The Waterjet machines have been well maintained and have been regularly serviced. The shop is located near highway access and approximately 1 hour west of Toronto.

Growth & expansion opportunities:

The potential for growth through additional advertising and targeted marketing to local manufacturers gives this business significant opportunities. Potential to add a second shift as sales grow.

Competition:

Most competition occurs in this industry on a local and regional basis. The Waterjet Cutting Services industry in Canada has a very low concentration (no dominant players), with the average establishment being a standalone operation. Most manufacturers subcontract services to Waterjet Cutting business due to the specialized nature of the work. Competitive success is largely contingent upon an industry operator's ability to produce cost estimates for jobs in an accurate and timely manner. Furthermore, industry operators compete based on price. Businesses survive and thrive based on the competitiveness of quotes. To maintain their competitive edge, industry operators must continually find ways to machine parts better, faster and less expensive.

Reason for selling:

Owner wishes to retire.

Support & Training:

Will train for 4 weeks @ $0 cost. The business specializes in custom abrasive Waterjet cutting which can cut through nearly all materials. the business also offers metal fabrication, part nesting, custom signage and flooring applications.

Contact Business Seller

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Business Listed By:

Greg Wood

Murphy Business Brokers