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Importer And Distributor Of Powersports Brand For Sale

HRM, Nova Scotia, Canada
Asking Price:
$150,000 (CAD) Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Importer/Distributor based in Atlantic Canada for sale. Currently based in NS, but can be relocated. The company has the exclusive rights to market a European-made powersports brand in the Atlantic Provinces and the Caribbean. This brand, designed and made in Italy since 1971, is well known in Europe (England, France, Spain). Australia is a major market for the brand and it was introduced to the US Market in 2020, with a new distribution centre for North America in Houston, TX.

The Canadian company imports directly from the factory near Milan to the Port of Halifax. A range of models, parts and accessories are stored and shipped from the Dartmouth warehouse, plus a Toronto location for Ontario/Western Canada.

Started in late 2019, the business was put on idle due to Covid-19 restrictions and is poised to re-launch for 2022. The current owner has two other companies and no longer has the time to devote to the project. He sees the ideal person to take this company to the next level would focus on building a network of retailers/dealers across the Atlantic Provinces and the Caribbean and develop an on-line direct sales similar to the Genesis/ Tesla business models.

Included with the sale is the registered trade name/logo. Also included is $115K in inventory, plus $8k in new parts and accessories.

The business has a well built and maintained website that includes an on-line sales portal. In addition, a presence has been developed on additional Social Media platforms, such as Facetime and Instagram. Additional support from the manufacturer in Europe and the new US distributor is also building Brand awareness in North America.

The owner is looking for a qualified and energetic person to take over and continue to build the business. He will support the new owner with expertise in regulatory, licensing and importing knowledge if needed.

Annual revenues projections are available. The potential for growth is in unit sales to distributor/retailers, plus parts and accessories specific to the brand.

Other Information

Inventory / Stock value:
$123,000 (CAD) - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Sunbelt Business Brokers - Halifax

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