Well Established Small Engine Repair & Retailer Business

Business Description

Despite the operating restrictions on businesses during the COVID-19 pandemic to which this business adhered, business increased 14% year over year as customers chose to invest in equipment for person use, close to home. This is a thriving and profitable, multi-faceted business. This marine repair business has for almost two decades, provided boat and small engine repairs, specialized marine welding as well as sales and service for the most respected power equipment in the lawn and garden industry for summer and winter, including products by industry leading Cub Cadet®, Echo®, Toro® and Timbery® and Woodmizer. Within its inventory, the business sells lawn equipment, pressure washers, chippers, lumber mills and snowblowers. Inventory is included in the price. The business primarily operates in the residential retail marketplace and has customers throughout New Brunswick and Prince Edward Island, as well as neighbouring Nova Scotia. About 10% of revenues come from commercial customers, an opportunity for growth. With limited competition and a reputation for skilled work and efficient customer service spanning decades, the business has been in operation since 2001, and operated by the current owner since 2016. It has growing revenues and profits; financials to summer 2020 are included here. The current owner’s role has been to assist with ordering inventory and working part-time from May to August; the owner says “the business runs itself” with a compact staff of 5 people (3 F/T and 2 P/T) who have been with the business for several years. To secure service continuity, two main mechanics work with business and have signed non-compete agreements for within 100km radius of the business. The business operates from strategically located, leased space which is also available for purchase with the business. his is an excellent business opportunity for a full-time owner/ operator
This power equipment distribution company covers Eastern Canada for various product lines in industries as varied as lumber, marine, lawn & garden, they have grown exponentially over the last 5 years through strategic acquisitions that offered synergy with their core businesses.

Details

Business ID: ATLA0085
Business Category: Repair and Maintenance
Location: New Brunswick, NB Other, New Brunswick

Status: New

Financial Information

Asking Price: $ 799,000
Gross Revenue: $ 995,972
SDE: $ 201,493
FF&E (included): On request
Inventory: $ 300,000
EBITDA: $ 156,493
Down payment: On request
Occupancy Cost: On request

Business Presented By
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