Tank Gauging System Manufacturer for Sale
(ID# 489)
(Seller Ref# L1013)
Financials
| Asking Price: |
$1,500,000 |
| Sales Revenue: |
$1,045,000 |
| Net Profit: |
$275,000 |
Furniture, Fixtures
& Equipment: |
$230,500
(included in asking price) |
| Stock: |
$475,000 (included in asking price)
|
|
|
Business Summary
|
Small manufacturer of unique, licensed product used to gauge fluid levels and density of product stored in bulk fuel and oil tanks. This product also provides high level alarms for safety from overflows and environments issues. Inventory of unassembled and finished products are included in the sale as well as all fixed asset needed to operated the business. The company currently operates from a 3500 sq. ft. lease facility in the heart of Saskatoon's thriving industrial area. Trend indicates a steady growth in business. Business is relocatable as customer base is decentralized throughout Canada.
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General Information
| Asset Sale: |
Yes |
| Employees: |
9 |
| Year Established: |
1986 |
| Trading Hours: |
Mon - Fri 8am - 5pm |
Property/Location
| Relocatable: |
Business can be relocated |
| Real Estate: |
Lease |
| Location: |
Business is located in a stand alone building in the heart of Saskatoon's north industrial area. |
| Lease Terms: |
New lease to be negotiated with landlord as a |
Other Information
| Training Support: |
Training to be negotiated, but current manager willing to stay on and run company. |
| Market Outlook: |
Company supplies products to booming Saskatchewan oil industry and bulk fuel industry. This company has a busy schedule for 2009 in new product sales and is looking for a new owner to take it to the next level in terms of increased focus on national sales and some new product development. |
| Reason Selling: |
Owners retiring |
| Financing: |
Some may be available. |
