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For sale is a supplier and manufacturer of sanitary paper products in Toronto. Over its 6+ years of existence, the business has established a solid customer base of quality wholesale distributors. Management is focused on fostering a strong working relationship with its suppliers and clients. The business is operating out of a 6,000 sf facility conveniently located in an industrial area in Toronto with easy access to major highways. The business is staffed with a team of competent and well-trained staff that follows an efficient production schedule to limit waste and downtime.
Sales remain consistent year-round with little seasonal fluctuations. Earnings have remained stable over the last few years with the exception of foreign exchange losses in the last couple of years. The business has implemented strategies in the current fiscal year to minimize these losses going forward.
This business was founded in 2009 prior to which the owner was involved in the same industry for over a decade. The owner is selling the business as he is looking to pursue other opportunities. Training and an agreed upon transitional period will be provided by the owner. A customary non-disclosure agreement and non-compete will also be signed, as well as an agreeable for the purchaser lease renewal which is to expire in March 2016.
The asking price includes $40,000 in inventory and relevant and well-maintained equipment which was appraised in 2014 for $140,000.
Asking Price: $339,000
FF&E (incl.): $140,000 (2014 appraisal value)
Inventory (incl.): $40,000
Year established: 2009
Employees: 3 F/T + 2 P/T