located in okanagan valley, british columbia, canada, this reputable business for sale has a significant presence in both the steel manufacturing sector as well as the steel fabrication sector. this business manufactures material handling equipment, such as walking floors and belt / band conveyors, for many industries including the forestry industry, the bio-energy industry, and any other sector requiring such equipment. in response to current economic conditions, the business has successfully expanded its service to include the fabrication of commercial structural steel for the ici sector.
this highly respected business has nurtured an excellent reputation and has been involved in every major forestry project in the last 10 years in western canada and a large part of the united states. these impressive contracts have resulted in significant profitability during the industry’s peak times. The company’s experienced employees are skilled and versatile, creating an efficient and solid workforce.
this long established, all-season business has paid access to all major internet bid sites and is a member in good standing with a number of highly respected construction and welding associations. there are significant growth opportunities available if the new owner pursued other relevant industry sectors. it is a turnkey operation with all the hard assets included in the purchase price. with the current owner seeking retirement, this manufacturing and fabrication business offers a fantastic opportunity to its new owner and is ready to be taken to the next level.
the price of the business excluding working capital but including all fixed assets and goodwill is $800,000 with an implied multiple of weighted cash flow of 2.8 times. The seller is selling the operational balance sheet of the business which includes the normal required working capital of $300,000, which is included in the asking price of $1,100,000.
