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Business for sale in Canada - Lilght manufacturing businesss

Asking Price: 650,000 $ CDN Real Estate: Lease
Sales Revenue: 1,174,000 $ CDN
Net Profit: 222,000 $ CDN
Year Established: 1989
Employees: 5FT, 2PT
# of family members employed: 2FT
Location criteria:
Canada/Ontario/Toronto

Business types:

Manufacturing; Wholesale trade

Business categories:

Electrical and lighting products; Furniture & Related Products ; Furniture & Related Products

Business description

Light manufacturer achieves 50% of sales from manufacturing, the other 50% comes from the distribution of three different lines of products: wrought iron products including furniture, end tables, displays, fourmet racks for wine, cups and glasses, stools, chairs, shelves, magazine racks and coat racks. Personal care products includes mirrors, shower radioes, hair dryers, towel warmers. A new produt line of garden products includes arbors, garden borders, edging, all made of steel or wrought iron. 85% of goods manufactured for Canadian customers are made to order. The Company usually ships 5 days after the orders are placed. In contrast, the wrought iron products have a 5 to 6 week order time. Inventory is usually ordered to fill specific purchase orders rather than for inventory. The company maintains approximately $132,000 of raw materials and up to $20,000 of finished goods for the products it manufacturers.

Additional information

Additional information: Not Disclosed
Support & training: vendor will provide support and training
Reasons for selling: retirement
Financing available: no
Inventory / Stock value: $152

Real Estate

Ownership: no
Lease: yes
Lease terms: 2 years before lease renews
Location: Mississauga

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