Alberta Commercial Warranty Depot/Repair Service

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    1 month ago
Member since July 19, 2018
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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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