This sales, install & service business carries several exclusive product lines giving it a competitive advantage in this industry of limited competition. The business caters to a demographic of approximately 100,000 people. The geography and trading patterns of the demographic provides security in this sector as these products are not offered by Amazon, which has become a competitor in many other sectors, giving this business strong competitive advantage.
This business was founded almost 50 years ago and has successfully transitioned twice since inception. This business has provided a quality lifestyle for the current owners, as it could for new owners. Each of the 2 current owners have different skills; one manages sales and operations, the other manages service and install. There is a small team of highly qualified install and service staff.
The new owners should have sales and customer service skills as the foundation to the long success has been building strong solid customer relationships. There is an extensive customer list that comes with the business which primarily mitigates the need to spend much on marketing.
The business operates Monday to Friday from 9 am – 4 pm and 9 am – 2 pm on Saturday. The hours can be changed to whatever best suits the owner. As the business does have some seasonality, being slower in the summer than the winter, it could work well for summer outdoor enthusiasts or someone with a young family who wants to spend time together in the summer.
The revenue has marginally changed between economic cycles, with the variation of gross revenue being approximately 20% difference from the high in 2022 to the low in 2024, and normal is between the 2 extremes. The COGS have dropped in the past 2 years to below 48% of gross revenue which reflects a solid market demand with reasonable margins reflecting the lack of competition from online competitors’ other industries are competing against.
Wages for non-owners is about 12% of gross revenue. The owners have always maintained a comfortable living wage and the company has always had a reasonable EBITDA, never losing money in the past 5 years. Few business can show they have been profitable year after year in the fluctuation of business cycles experienced in the past 5 decades.
If you are seeking a solid business that has been around for almost 5 decades showing profitability and stable income for its owners, then this may be the opportunity you are looking for. There is opportunity to add or acquire a second business in a complimentary offering that could be operated out of one facility, cutting operating costs and increasing profitability
- Asking Price:
- $560,000 (CAD) Inventory / Stock included
- Sales Revenue:
- $760,000 (CAD)
- Cash Flow:
- $100,000 (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Renewable fall 2026
- Leasehold Rent:
-
53160 Including TN per annum
- Location:
-
This buisness is located in a major community on the east coast of Vancouver Island.
- Premises Details:
-
The business has been in the same location for many years, is central with easy access to parking, the main highway and downtown. The size of the premises and secure yard is ideal for the offerings and storage needs for vehicles and inventory.
- Size in square feet:
- Facility 2893 ft2 plus securly fenced yard
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Carrying other lines or associated services.
- Competition / Market:
-
There is one main competitor in the same service area. However, the vast product lines that are exclusive to this buisness allows a strong place in the market.
- Reasons for selling:
-
Retirement
- Trading hours:
-
9 – 4 M-F; 9 – 2 Sat
- Employees:
- 2 FT plus 2 owners
- Years established:
- 48+
Other Information
- Support & training:
-
Vendors will stay on as long as needed for a smooth transition
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
10% for 1 year
- Furniture / Fixtures value:
- $206,000 (CAD)
- Inventory / Stock value:
- $350,000 (CAD) - included in the asking price
- Relocatable:
- This business can be relocated
