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Listing ID: 728

SOLD

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$350,000 CAD

INFORMATION TECHNOLOGY

Information Technology Distributor/Manufacturer - GT

Toronto, ON

Independent

$350,000 CAD

INFORMATION TECHNOLOGY

Information Technology Distributor/Manufacturer - GT

Toronto, ON

Independent

Established in 1989, this company is a distributor and manufacturer of passive networking products such as cables, cabinets, fiber-optic cables, switching devices, patch panels and uninterruptible power supply (UPS) units. They have recently instituted an e-commerce website and has huge growth potential. In addition to a customer base of 2,000 businesses consisting primarily of major institutions, a significant volume is maintained with contractors. Although the company services 100 major clients, no single entity represents more than 10% of the companys annual revenues. This is an opportunity to become part of a growth industry with minimal risk and a huge profit potential.

COMPETITION AND MARKET: There are various competitors in Toronto, but few that have in excess of 25 years of experience in both distribution as well as manufacturing.

GROWTH POTENTIAL: Although many of the companys major accounts are large institutions such as banks, insurance companies, utilities and colleges, a large percentage of the business also services small independent contractors. The ecommerce site that was recently brought online also offers enormous future potential.

Legal Body

Incorporated

Established In

1989

Proprietary Assets

Distribution rights

Last Year of Completed Statements

2016

Gross Revenue

$900,000

Annual Earnings

$154,000

Land/Building Included

No

Rent/Lease Amount

$4,200

% of Business Selling

100%

Reason for Sale

Retirement

Financing Available

No

Buyer does not need to have experience owning & operating a business or franchise.

Buyer does not need specific industry experience.

BizON assumes no responsibility for the accuracy of any information shown.

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Annual Return On Investment Calculator

Annual Earnings:

$154,000

Liquid Cash Invested:

$

Borrowed Amount:

$

Interest on Borrowed Amount:

 

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