Business For Sale Listing 147624
Highly Profitable Equipment Dealership
Status as of Nov-20-2008 at 06:42 PM: Active
Business Summary
This is a very profitable premium heavy equipment dealership operating in the three Canadian Maritime Provinces of New Brunswick, Nova Scotia and Prince Edward Island. The company has achieved revenues in excess of $55 million for past two years. More significant is the fact the dealership has been profitable for the past 16 years.
The company’s 70 employees serve a number of industry sectors with the emphasis being place upon Maritime Canada’s booming construction sector. The company is also seeing a steady and growing stream of revenues (30%) coming from the highly profitable parts and service business.
The EBITDO runs between $3-4 million each year. The owners / executives have an exceptional compensation package that includes a significant shareholder bonus being declared in many of the years.
The manufacturer’s brand is very strong here in the region as it is around the world. A partnership with this manufacturer is a well proven formula for success and this dealership is living proof of that. The manufacturer has a long history of strong support for their dealers in terms of innovation and new products and services year in and year out. The company offers a broad range of products and services that assist the business weather economic down turns in any one sector and consistently be profitable every year over the past 16 years.
The management / owners want to retire and they are willing to work with the new owners and the manufacturer for a period of time to ensure a successful transition of the dealership. Head office can be relocated to anywhere in the Maritime region.
The company’s operating assets, including goodwill, are valued at $15 million CAD. The sale transaction will be structured as a sale of shares with the price being adjusted to reflect the balance sheet at the time of closing.
Categories
Industry
Location
Financials
| Sales: |
Not Disclosed |
| Profits: |
Not Disclosed |
| Profit Type: |
Not Disclosed |
| Asking Price: |
Between $10 Million and $15 Million (15,000,000) |
