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Listing ID: 2789549

Environmentally Friendly Wood and Concrete Coating Manufacturing For Sale

British Columbia, Canada

CA$ 840,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: CA$ 1,360,011

Cash Flow: CA$ 194,864

Business Description

With environmentally friendly formulas, this business has made a name for itself in the manufacture of wood and concrete coatings and cleaning solutions. Established for more than 25 years, this is a brand that contractors and builders supply stores rely on for both durability and sustainability.

Product purchases are made through customer service via the business storefront. The majority of ordering is done via email. Sales are made directly to consumer or contractor (1/3 of sales) or though builder supply stores (1/3 of sales). Prestaining service and treatment of wood for shingles, soffits, etc. is available. (1/3 of sales). Target demographic is high end residential and commercial building projects. The largest account makes up approximately 10% of sales, with the top 10 accounts making up less than 50% of sales. One-time sales total approximately $200,000. Average invoice is $446.

Staffed with 8 full time employees (more as order volume increases seasonally), the current owner spends one day per week in the office (2-4). The owner handles administration and order entering. Current employees could be trained on owner responsibilities.

The business operates predominantly in Canada, but increased marketing would allow for expansion into U.S. markets. Current trademarks for logos and marketing are trademarked in Canada and the United States.

Due to ownership of trademark rights, this transaction would be a share sale.

Property Details

Size:

Building: 16,000 sq. ft. manufacturing plant with customer store-front

Years Established:

25

Property Type:

Lease

FF&E:

CA$ 44,397

Inventory Value:

CA$ 250,790

Other Details

Business Location:

Location: British Columbia, Canada

Premise Details:

Building: 16,000 sq. ft. manufacturing plant with customer store-front Lease: $12/sq. ft. plus CAM

Expansion Potential:

Growth Opportunities: Expand into the U.S.; Increase marketing efforts

Operation Details

Employees:

Employees: 8 FTE includes 1 Operations Manager, 1 Customer Service, 2 Warehouse, 2 Pre-stain, 1 Manufacturing, 1 Samples Department

Support & Training:

90 Days

Miscellaneous

Financing Available:

Yes
Purchase Price: $840,000 15% Buyer Down Payment: $126,000 15% Seller Financing: $126,000 70% Bank Loan: $588,000 Bank loan would be partially collateralized by assets.

Reason For Selling:

Retirement

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