Location: Saskatoon, Saskatchewan
Asking Price: $4,000,000
Annual Gross Sales: $2,976,095 (FYE October 31, 2012)
Annual EBIT*: $1,191,976 (FYE October 31, 2012)
Reason for Sale: Succession planning, the owner is at retirement age.
Training and Support: The owner is prepared to train a buyer in all aspects of managing the business to ensure a successful transition.
- In business for 31 years.
- Participate in high level technological agricultural manufacturing.
- Wholesale and retail business model.
- Revenues growth over 29% last year.
*Annual EBIT = Earnings before interest and taxes.
The business is located in Saskatoon SK and was founded in 1981. The Company manufactures remote controlled agricultural control devices for private label customers as well as their own brand. Revenues have increased by 29% over last year which is consistent with the last 5 years. Significant increase in sales and profits are possible with the landing of key grey market accounts currently being marketed.
The company operates in Western Canada which is the largest agriculture area in the country. They also have an international presence with room to expand. Increased disposable income of producers combined with lack of available labour is resulting in significant demand for product. The company engineers and manufactures solutions to fill this demand.
There are various competitors in the industry offering remote control devices. Typically these competitors specialize in smaller pieces of the industry, with single product lines.
Year Established: 1981
If you are interested in this business, please contact:
Travis Kellett, Broker
Bridgepoint Business Brokers
Email: Click to email Travis
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