Everything Made in North America
The owner runs the business from a 1,200 ft² building on his property (including office.) Manufacturing is NOT DONE ON SITE. The company has 2 larger North American vendors (One machining & one fabrication) that make the specialized parts and several smaller vendors who provide other specialized as well as off-the-shelf parts. These vendors ship the finished parts to the owner's address where he assembles, tests and ships out to his clients. Machining and fabrication documented with drawings and CAD (computer-aided design) programs. Purchaser could use existing vendors or take CAD programs to closer vendor. Could easily be moved anywhere.
The business currently focuses on selling 2 different machines to the automotive service industry. The company is the exclusive supplier to many of the specialty chains across Canada as well as several in the US. Parts used in conjunction with the machine are an ongoing sale item because those parts wear out and get lost. It uses a national Canadian distributor that sells parts (not equipment) throughout Canada.
The company has had higher sales volumes previous to the last 5 years but this required staff to come into
the seller's home to assist with assembly of the product. With secure customers and distribution in place, the owner no longer pursued new business and preferred
a slower pace that did not involve staff coming to his home. The company does not advertise or participate in any of the many avenues available to increase business. The owner no longer needs to make a lot of money and would like to retire and spend more time traveling and working on other projects..
There is a substantial amount of money that can be earned just by maintaining the existing customer base; however, this is not a business that can be operated from a desk. Although not difficult, there is a lot of time involved in assembling the product. An interested party must have (or work with a person who has) a strong mechanical aptitude and a good work ethic. The business allows for a reasonable flexibility on when work must be done but it is a hands on type of business. There is some desk work in ordering, invoicing, shipping documents and generally keeping the books of a small business. Currently the owner does all of the assembly, shipping etc. and most of the bookwork with occasional help from his wife. It is a lot of work for one person but would be easy for two people. All processes are in place, accounting systems, invoicing, inventory control, ordering etc..
A possible fit might be a family that could work together. The business in its existing form could easily provide a nice living for all involved and with not much effort be grown to whatever level the owners feel comfortable with.
The purchase price of $370,000 allows a purchaser to pay themselves $45,000 per year and pay off the business in 5 years without any increase in sales, simply maintaining existing customers. The current owner is not interested in carrying any of purchase price or inventory value as a loan for the simple reason that he will have no control over how the business is run after the sale. The purchaser will need access to funds for the full value of the business and inventory ($370,000 + $140,000 =$510,000) and should not rely on a lien on this company’s assets for financing.
Standards are a key factor for manufacturing business. The ISO has a series of standards - ISO 9000 and ISO 14000 environmental standards make manufacturers compete internationally for business Compliance with other international standards such as Restriction of Hazardous Substances (RoHS) is all part of the procedure that must be adhered to in order that a manufacturing business can sell and offer there merchandise for sale worldwide. This makes exporters competitive.
Complying with regulatory requirements is mandatory for manufacturers.
Penalties in Canadian jurisdictions are very strict. Manufacturers to remain current on regulations that will impact the manufacturing sector from health and safety to environmental issues.
Manufacturing sector getting more action at home. Building things locally and enjoying the tax spinoffs is necessary for any industrial base. This means education and college skills taught must meet what employers need.
Leading news and information resource for those who want to stay abreast of the manufacturing industry.
Green manufacturing using energy from renewable resources. means we will have sustainable growth without compromising our positions on the environment. http://energy.gov/public-services/manufacturing
Manufacturing workers make top wages making, designing, and servicing top of the line products for consumers. Testing and marketing jobs are also part of the industry. seek out your career.
The real story on manufacturing in Canada and US. How are we really doing. It may be less than the headlines and the self congratulating audience would want you to know. It stinks and our present society does not respect the work that is necessary to bring these industries back. Work would seem to be a dirty word.
Are 3D printers going to take over the manufacturing industry. Maybe!
It is certainly the most responsible approach for much and many of the gadgets we have around the home. If the people with the design can make 5 cents each time you print their product on your computer. WOW - Straight from designer to end user and leave everyone else out of the loop. This is efficiency. Perhaps some designs would require a payment of three or five dollars. Still it is how many not how much that counts in this game.
Private public partnerships in manufacturing have been the trend over the past 20 years and there have been some breakthroughs. We have some extremely intelligent poeple who have ideas they would like to share.
You can also be part of the distribution.
Some answers to how the manufacturing industry is doing in Canada.
Interesting analysis showing why some businesses should be for sale.
The Canadian Manufacturing Coalition is made up of 40 different groups of focus manufacturers moving forward the manufacturing sector in Canada. They represent 110,000 companies and almost 2 million workers across Canada. http://www.manufacturingourfuture.ca/
Canada hires more people and more manufacturing jobs become available.
Is this a trend or just a blip. interesting analysis.
There are some interesting manufacturing businesses on the market. Worth a look.
Every country in the world has interesting manufacturing businesses for sale. It is interesting to see the pricing in other countries.
Very different than Canada or US
There are a lot of questions when you have a business for sale. We believe we can answer your questions in a way that makes sense.
you will see some of our guidelines here.
More business for sale illustrations. We think we have all the opportunities but that is not true.
Here we have a good overview of the Canadian Business landscape.
Manufacturing and Industry news in Canada. Focused view.
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