The company is based in York Region . asset sale!
This successful 38 year old company specializes in the manufacturing and fabrication of packaging machines for the food grade and pharmaceutical industry.
Their profit margins are more than 50%
The owner is getting to a point where he wants to start retirement. business has a great customer base. Company is currently in negotiations for contracts valued at approx 1.5 Million.
The owner feels the business could be doubled by simply accepting more orders and adding a second shift.
Last year over 1 million in total sales last year with a net profit after all expenses (even owners salary etc) expenses of over 300,000.00
Clients include such businesses as Phizer, Teva and Apotex
Asking 1.5 million. a business like this will not last long.
The current 8 employees are all highly skilled and have been there for very long time, some as long as 20 years.
The owner is willing to continue to stay with the business for a year or two to ensure its seamless transition.
We have all the records for this company. There are over 1.5 million just in inventory and Machinery.
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