Listing ID: SE09262016

Lac La Biche

Business Advisor: Neil Gerritsen
(Contact Mr. Gerritsen)

Direct: 780-919-1107

Business Type

Welding Services

Business Overview

This is a full service provider of structure fabrication services with clients located throughout North Central Alberta. The company was incorporated in April 2009 by two shareholders who have been involved in the day to day operations of the business since it was founded. Their client’s are diverse and include leading companies in the forest products, oil and gas, pipeline and construction industries, as well as municipalities. Their services include shop and portable services, b-pressure, plant maintenance, structural fabrication, oilfield and heavy equipment repair, and aluminum and steel welding.

Why This Business?

  • The business has grown rapidly since its inception in 2009
  • Business is well established with many repeat customers and secured contracts
  • All employees and subcontractors are engaged locally
  • Reputation for quality workmanship and staff have necessary welding experience and safety certification
  • Great location that provides ample secured lay down storage space, allowing the business to maintain a larger inventory of stainless steel for resale to its regional customers
  • CORE certified and registered with ISNet World and ComplyWorks and is also a member of the Chamber of Commerce
  • The company also holds ASME and CWB certification.

Are the current owners the founders? Yes      How long? 7 Years
Owner Support/Training: Yes
Reason for Sale: One of the company’s shareholders is relocating outside of the province. 

Business Premises and Location

Does the Vendor own the premises? Yes
Is the premises part of this sale? Yes – available under separate offering
What is the cost of the lease? Available Upon Request

Documents Available For Review

Confidential Business Profile, Financial Statements, and Equipment List.

Operational Summary

Snapshot

Annual Revenue: $2,100,947 (3 yr avg)

Discretionary Earnings: $422,651 (3 yr avg)

Assets (2016): $519,975

Information

  • Year Established – 2009

  • # Of Employees – 2 Owners, 8 F/T, 1 Apprentice, and a number of subcontractors

  • Asking Price – $1,799,000

  • Inventory (2016) – $97,172

  • Selling Financing – Negotiable

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