Listing ID: CWMPM28032018
Location: Edmonton, Alberta
Manufacturing, Welding & Fabrication Service
This fabrication and general pressure-welding company is geared to repairing all metals, pipe and plate fabrication, press work, maintenance and lathe work. The manufacturing side extends to oilfield Safety Pins produced in a variety of sizes and weights as well as fabrication of various components used for oilfield derricks.
This 53-year-old company operates as a distributor for the sale of a variety of brand name industrial, recreational and fresh water boat propellers. In addition to sales of new propellers, the shop is set up to service and repair all sizes and brands of propellers, including those of stainless steel and bronze construction. The business also offers reconditioned and used propellers for sale. Jet skis (propellers) and metal boat hulls can also be serviced from this skilled machine shop.
The company has diversified to include the manufacturing of boat hoists and metal docks as
one of its many services.
This business operates in a 2-storey facility, with a secured, fenced-in yard suitable for storage or outdoor work on larger items. The space is well appointed with an office, large fully equipped workshop, storage area and washroom facilities. The second floor is currently used for storage; however it could easily be converted to additional office space. The business is ideally located with easy access off a main roadway with sufficient customer parking.
Why This Business
- Turnkey operation
- Equipment & inventory included in the asking price
- Knowledgeable and skilled vendor willing to train new owner
- Excellent reputation in the industry
- Excellent opportunity for an existing machinist or machine shop to acquire an established business with many growth opportunities.
Are the current owners the founders? Yes Original owners at this location
Is this a Franchise Business? No
Owner Support/Training: Offered by the Vendor
Reason for Sale: Owners would like to retire.
Business Premises and Location
Does the Vendor own the premises? Yes
Is the premises part of this sale? No, the building is for sale separately by Owner
What is the cost of the lease? N/A
Documents Available For Review (Subject to Offer)
Business Sales Memorandum, Financial Statements, Equipment List.
Annual Revenue: $ n/a
Discretionary Earnings: $ n/a
Assets: $ 322,000.00
Year Established – 1965
# of Employees – 2 Owners
Asking Price – $ 799,000.00
Seller Financing – Not Available
Inventory – $288,156.00