Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Sold. Heavy Custom Metal Fabrication Business

LISTING DETAILS
Firms For Sale ID:
29047
Vendor reference:
8022-12-19
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
$6,000,000
Furniture, fixtures and fittings included.
Turnover / revenue:
$10,365,043
Net profit / cashflow:
$1,541,865
Years established:
14
Trading hours:
Mon - Sat 7 am - 5:30 pm
Number of employees:
55
Business website:

OTHER DETAILS
Reason for selling:
Owner wishes to spend more time with family and peruse other interests.
Financing available:
Financing available to qualified buyer at negotiable terms.
Support and training:
Owner is willing to stay for a reasonable period of time to ensure smooth transition
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Established and very busy 14 year old metal fabrication business is for sale by VR Edmonton. Located in the industrial park south of Edmonton, the business provides manufacturing and engineering of heavy custom metal equipment for oil and gas industry. The company manufactured some of the best power catwalk in the industry as well as drilling rigs and pressure vessel tanks of various sizes. The company is also one of the fewer manufacturers of Transport Canada certified fuel tanks which are used to supply fuel for drilling rigs, service rigs, etc. The company also has a separate division conducting its onn fuel tank inspections services. The business has grown through referrals, word of mouth, high quality work and exceptional service. Since the recent increased activities in the oil and gas industry, the business has been growing extensively. The business currently employs over 50 welders and has a complete management team in place to assist with a smooth transition. Revenue is expected to hit record levels for 2012 and the business currently has manufacturing contracts in place that will keep it busy until the end of 2013.