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Oct 24, 2017What was once a home-based business has grown into a lucrative commercial door hardware company profiting over $1.5M. Headquartered in Toronto, there are 200 distributors across Canada, and with the right infrastructure in place, the business has great potential to move into the U.S. market and abroad. Sales are split 50% custom orders and 50% stock orders. To stay competitive, much of the raw material is brought in, then finished, polished and stocked in the company’s 22,000-sq. ft. facility.

The business employs about 30, with 8 of them working in the office and the remainder in the factory/storage area. Additionally, there are sales reps across 11 Canadian provinces that the company works with to increase distribution. Looking to retire, the seller manages the office, oversees production operations, and does some sales.

Products include kick plates, door stops, push bars, door pulls, coat hooks and more. Distributors are selling to commercial clients for condos, hospitals, schools and businesses. A buyer could grow the market share by expanding product options, such as patch locks and locking door pulls.

The company’s strong market presence and solid reputation offers a unique opportunity to take an established name and grow it to the next level. At a purchase price of just under $8M, a buyer would be receiving a 7-figure cash flowing operation.

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