Positioned for Continued Growth. Residential Power Equipment, Boat Servicing & Small Engine Repairs
Financial Information
- Asking Price: CAD $700,000
- Gross Revenue: CAD $978,000
- Cash Flow: CAD $231,000
- Down Payment: ON REQUEST
- FF&E (Not Included): ON REQUEST
- Inventory: N/A
- Financing: Yes
Business Location
- Greater Moncton Area
- New Brunswick
Despite COVID-19, Sales and profits have increased 14% year over year (2019) as customers invest in equipment for person use, close to home. Strategically located near a major Maritime city, this business has several strong revenue streams including sales & service of snowblowers, generators and personal woods' equipment, boats' winterization & small & recreational engine repair. The business sells and services top-name power equipment from industry-leading brands. New revenue streams have been identified. Inventory is included. The business operates from a well-positioned building which is available for purchase in addition to the business, providing additional multi-unit rental income from commercial and residential tenants.
Reason For Sale
New Business Ventures- Home Based: No
- Year Established: 2001
- Franchise: No
- Year Acquired: 2016
- Willing to Train: Yes
- Relocatable: No
- Required Licences:
- Is Property Leased: Yes
- Real Estate Available: Yes
- Real Estate Included: No
- Real Estate Value: $699,000
- Real Estate Asking: $699,000
- Fulltime Employees: 3
- Part time Employees: 2
- Is Management Staying: Yes
- Distressed: No
- Monthly Payroll: ON REQUEST
- Monthly Rent: ON REQUEST