Asking price: $295,000
Reason for sale: Retirement
Company information
- Land Area: /ft2
- Building Area: /ft2
- Year of acquisition: 2011
- Established Year: 1920
- Full-time Employees: /
- Part-time Employees: /
Financial information
- Annual Sales: $429,406
- Monthly Payroll: $6,602
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): $68,601
- Assets Included in the Sale: inventory, supplies, furniture, equipment, and goodwill
It is a New Brunswick company founded in 1920. It has been operating successfully for 104 years. Specializing in the repair and maintenance of vehicle starters and alternators, the company thrives year-round. It is currently in southeastern New Brunswick, in the heart of a major city.
The company’s core business is the repair, replacement, and maintenance of starters and alternators. The company uses quality brand-name components for long-lasting replacement. Moreover, all parts undergo rigorous quality control before being installed on vehicles.
Over the years, the company has built up a loyal customer base, of which 95% are commercial companies with vehicles such as trucks and tractors requiring maintenance. Its unique quality of service attracts customers from all the Maritime Provinces, namely New Brunswick, Nova Scotia, and Prince Edward Island.
The business operates from a strip center with some 50 parking spaces. It benefits from all the equipment and materials needed to run its business.
The company is in a strategic location near its clients. These are companies and factories that use trucks and others to transport their goods. However, the potential buyer has the flexibility to relocate the company to a different location.
Over the years, this company has built a solid reputation in the community, thanks to positive word-of-mouth. What’s more, its centuries-old existence is a guarantee of trust and reliability.
The future buyer can envisage many development opportunities. He could, for example, expand the company’s business by offering a mechanical repair service.
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