Thriving Sharpening Surface Grinding Business For Sale

Business description

THIS AND THAT Sharpening Services is a family owned business. They began expansion of sharpening services in 2002. Since then additional equipment has been added, and now the business offers a full line of services specializing in all aspects of commercial and residential sharpening. Since 2003 revenues have tripled, and 2007 experienced a 70% increase in revenue. This growth has been based on offering a full line of service as well as a devotion to precision and timely service. Continued growth is expected in the coming years.

Property information

Real Estate:

Lease

Lease terms:

Triple net

Location:

Our Business is located in a light industrial area. The building is cinder brick construction and the bay has a large overhead garage door at the back. There is an area of 1600 square feet with a front desk sales area and an overhead area to house the business complement of small sharpening equipment. The shop has two large overhead cranes for moving heavy items within the shop. All wiring has complied with industry requirements as equipment has been installed.

Other information

Expansion potential:

The required equipment and facility is in place. There is full reason to expect continued growth in the business. Based on our equipment capability and reputation for quality service, new customers continue to come on stream. Growth continues in circular blades. The most notable growth is in “big blades” since addition of the Reform sharpener. Demand for blade sharpening for recreational ice equipment, paper industries and metal fabrication are among the fastest growing customers. Business increased 70% in 2007, and expectations are very optimistic for 2008 as word travels on our sharpening capabilities and quality service.

Competition / Market:

With Red Deer being exactly half way between Edmonton and Calgary (90 miles), the Central Alberta market area has been easy to establish. There is virtually no competition established in Western Canada in “big blade” sharpening. With the addition of “big blade” capability, customers are now coming from all points in Western Canada.

Support & training:

Negotiable

Reasons for selling:

Owner retiring

Trading hours:

9 to 5, Monday to Friday

Furniture / Fixtures value:

$325,000

Inventory / Stock value:

$16,000

Related documents:

• 
• Business Profile

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