Rust Check – Rust Prevention Business For Sale

Business Description

Great little business addition for sale. Business was shut down prior to Covid by an owner who was looking to retire. Business has 65% gross margins, meaning per service (approx. $350 per vehicle) business generates $227.50 worth of contribution margin (approximately a 1-2 hour per service). Owner is looking for asset sale and is open to vendor financing. Business applies Rust Check oil-based rust prevention and has exclusive territory rights to Saskatoon and surrounding area. This is a cost-efficient way for established auto service business to acquire 125 new customers and provides a new product line to sell to existing customers.

- 36 years of established reputation
- Customer list of 125 individuals & corporate clients. Largest client represents $22,000 in recurring revenue, small clients represent $48,000 in
recurring revenue
- Exclusive territory rights (new franchise costs $35,000) Excellent bolt-on for existing business
- Few rust prevention businesses in the province

The current owner is committed to ensuring a smooth transition, complete with comprehensive training and support
For more information contact Raphael by emailing [email protected] or call (306) 880-2223.

Details

Business ID: CANA0402
Business Category: Motor Vehicle and Parts Dealers
Location: Saskatchewan, Saskatoon, Saskatoon
Financing: Available
Status: New

Company Information

Year Established: 1985
Franchise: Yes
Number of Employees: 0

Financial Information

Asking Price: $ 100,000
Gross Revenue: $ 72,000
SDE: $ 44,000
FF&E (included): On request
Inventory: $ 32,500
EBITDA: On request
Down payment: On request
Occupancy Cost: On request

Business Presented By
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