OFFER PENDING
Avalon Partners is pleased to present a unique acquisition opportunity in the semi-trailer and truck repair industry.
The company has been in operation for over thirty years under the current owner and their garage facilities in Montreal provide a large number of mechanical repair and maintenance services for semi trucks and trailers. The company is a well-known brand with a robust list of customers and recognized for its service. The average tenure amongst their Top 20 customers is over 11 years. The owner is now planning to take a well-earned retirement.
The company has 10+ dedicated employees, each with over a decade of individual service. The team is led by two full-time managers. Because of this, owner involvement rarely exceeds 20 hours per week, making this an an ideal acquisition opportunity for both buyers who already work within the industry as well as external buyers who are looking for a self-sufficient business capable of generating passive income
The company is financially stable, and revenues have increased by an average of 10% per year over the past three years to reach $1.8 million in FY2023. The gross margin is 20.9%. The average seller’s discretionary earnings (SDE) are $164,000.
The business is poised for continued growth, and revenues could be significantly expanded under a new owner by adding additional staff such as a mechanic and/or bodyman, adding highly lucrative mobile repair services, prioritizing higher-margin truck repair over trailer repair, and focusing more on sales and marketing to secure new clients.
The asking price is $550,000, and this includes approximately $185,000 in equipment and $85,000 in inventory.
An offer is currently pending for this acquisition. However, if you would like to notify us of your interest, you are welcome to register yourself in our online buyer database.
https://avalonpartners.ca/en/buyer-registration/
