Alberta Commercial Warranty Depot/Repair Service

  • Listing id
    bz4fwyzh
  • Categories
  • Asking price

    Open to offers

  • Quantity

    Not applicable

  • Tax
    Not applicable
  • Shipping & Handling

    Shipping to Canada only

  • Payment Terms

    Seller accepts Cash

  • Posted
    1 month ago
Member since July 19, 2018
Please only contact the seller if you are interested in buying or bartering for this item. Spam and fraud will not be tolerated.
Alberta
Commercial Warranty Depot/Repair Service
Investment level: 675,000
Type of sale: Share Sale
Pre-Approved Financing is in place ( OAC)

It is time for our clients to retire and move onto the next thing in their lives. This 61-year-old legacy business has been in operation with the current owners for over 23 years.

The business offers buyers a variety of revenue streams, such as repair, servicing, parts sales, and warranty work for a long list of Canadian Commercial Retailers and Service Providers.

Best Fit Buyers
• Someone who has an electrical or mechanical background.
• Someone with strong management experience.
• As an add-on revenue stream to an existing repair business.

By repairing machinery and equipment which would end up in landfills this business creates a win-win by offering their clients cost advantages, and helping to contribute to a greener environment.

Along with the owners, this business’s long-term and experienced staff will be able to assist buyers throughout the entire transition of this business.

Business at a glance
Years of operation: 61 years. Current ownership: 17 years
Owner 1 Responsibilities: General Manager. Training of new staff. Bookkeeping and overseas the day to day.
Hours worked per week approx. 45.

Owner 2 Responsibilities: HR, Marketing and Payroll Hours worked per week approx. 20.

Key Strengths
History and reputation; diversified services; development of specialized equipment; strong and loyal customer base; long term staff.
Lease: Expires November 2025 Option to renew available.
Staff: Fulltime 3 Part Time 2
Hours of operation: Mon-Fri- 8:30 -5 pm
Sales: 2021 (677,000) 2022 (737,000) 2023 (733,000)
Normalized Seller’s Discretionary Earnings 3 Year Average: 193,00

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