Profitable Commercial Roofing Sheet Metal Fabrication Shop located in NE Calgary for sale. Business has been operating for nearly 3 years and has been profitable since 6 months.
Each year has seen sales and revenue increase, the recession in Calgary has had no negative impact on the business. In fact, due to our attractive pricing (which is much lower than the competition) and high quality of fabrication, we are gaining new business every day.
The shop operates with 1 salaried Foreman and 1 hourly labourer. The Foreman completes all day-to-day activities of the shop, including: pricing, ordering inventory, fabrication, shipping/receiving, invoicing, etc. The current owner is spending about 10 hours/week taking care of the office management, bookkeeping, banking, business development, etc. This could remain the same, or be fully outsourced for an automated "hands off" approach.
#1 The new owner could be actively involved in the fabrication side of the business. Most days we have more orders to complete than there are hours in a day. Someone who wants has experience (or wants to learn) could also draw a salary based on this increased production.
#2 The new owner could build the Installation side of the business. Currently we turn away many clients and projects because we do not have a full time installer, and can only supply the materials. An experienced installer could grow this business substantially just from the existing client base.
Annual Revenue 2015: $498K, Net Profit to Owner 2015 : approx $90,000
Projected Revenue 2016: $650K, Estimated Net Profit to Owner 2016 : approx $125,000
Assets: Fabrication machinery (Shear, box&pan brake, automated brake, Pittsburgh, etc), tools, forklift, office equipent, inventory: value ~ $100K
Asking Price: $225,000
May be prepared to sell a 40% partnership in the company to an experienced installer or fabricator.
Please contact me directly for any inquiries, thank you.
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