Established Manufacturer of Quality Abrasive Tools in Canada and USA
This well-established business specializes in manufacturing cartridge rolls, discs, pads, spiral bends, as well as, miscellaneous sandpaper stars, wheels, belts, and sheets. Abrasives are an integral part of reshaping our everyday lives, whether it’s sandpaper for refinishing hardwood floors, cut-off blades to cut concrete and metal, grinding wheels to maintain machinery or multi-hole vacuum discs to sand car gel coats.
The company has the ability to fulfill orders within 2-3 working days, which is quicker than the industry’s average. It is staffed by a team of 8 highly qualified and skilled employees.
All customers are commercial clients. The company does not sell directly to the public. Instead, the company supplies to industrial product distributors, who in turn wholesale products directly to the consumers. Commercial clients have demonstrated strong loyalty due to the brand reputation and prompted services.
The business offers a high growth potential with regards to its client base and revenues through the use of electronic marketing activities and by changing its location. Furthermore, current revenues have strategically remained below the true earnings capacity of the business as a means of corporate tax planning
The owners are selling the business as they wish to retire. Training and an agreed upon transitional period will be provided by the sellers.
Maintainable levels of SDE and EBITDA are weighted averages and based on the years 2014 (5%), 2015 (25%), 2016 (30%) and 2017 (40%).