Tire Retread Manufacturer For Sale

Business description

This unique and innovative manufacturing business supplies its products to the trucking industry throughout the Maritime Provinces. Since its inception over 15 years ago, the company has seen steady growth in revenues and profitability with sales now in excess of $3M.

The business operates from company-owned facilities in a modern industrial park and the building and all equipment have been well maintained.

This is an opportunity for a buyer to acquire a business that has an excellent reputation, a long history of profitability, a strong balance sheet, well-trained, non-union employees and an excellent location in a growing market.

The owners are prepared to assist an approved buyer with financing the purchase of the company in an amount and on terms solely in the discretion of the owners.

Property information

Real Estate:

Real Property Included

Location:

The business boasts a modern 15,600 sq. ft.+- facility, with three bays, large warehouse, housing the latest in technological processing equipment, huge parking area and is situated on a 0.57 hectare site, in a modern industrial park.

Other information

Expansion potential:

The Company has significant market share due to its well earned relationships within the transportation industry brought about by its quality service, high volume, reputation and longevity.

Referrals from satisfied clients have also been a valuable source for new business. Management suggests that the largest opportunity for dramatic growth in revenues and profits exists in the creation of a new, fresh, approach to aggressive marketing.

Competition / Market:

The owners believe that they presently have about a 25%-30% share of the market in this region.

Support & training:

The Primary Owners will stay for a prescribed period to provide an orderly transition and the secondary owners will consider staying on performing specified duties , should the need dictate .

Reasons for selling:

The owners are considering retirement.

Financing available:

Seller prefers a sale of shares and will assist in financing the purchase by an approved buyer in an amount and on terms in his sole discretion.

Furniture / Fixtures value:

$400,000 (included in the asking price)

Inventory / Stock value:

$411,891 (included in the asking price)