The business is a simple to learn tool distribution Franchisee model, which is an Owner Operator run business. The business grew in sales revenue by 5% during Covid 19 (2020), and the franchisor is a billion dollar public company. This year sales (2021) consistent with 2020 results, and the business has never had a loss making year, with revenues growing every year.
The business services mostly B2B and some B2C clients, with very strong recurring revenue from existing client base, the owner does no marketing or business development. The business grew in sales during Covid and expected to continue at the same level of Revenue. The business is a franchisee which looks after a territory, and the current owner has geared the business for growth. This franchise deals with some of the largest brands of power tools in the market, with a low monthly franchise fee.
The new owner will need to sign up as a new franchisee with the franchisor, and pay the franchise start up costs. The franchisor will also train and support the new owner from day 1. The business has low direct competition and strong relationships with all its customers, who frequently buy from the Franchisee.
The franchisor is billion-dollar public company, and supports all the franchisees with proper systems, inventory, operations, marketing, and ongoing support. The sale includes $150K of working capital and $95K custom franchise propriety truck to manage deliveries. Over the past 5 years the current business owner has grown the business by over 7% CAGR (Compounded Annualized Growth Rate).
If you are interested in or have knowledge of Tools, and enjoy talking to customers, this is the business for you. If you have a good Canadian credit score, the BDC would be willing to offer financing for the new owners purchase. Please reach out to sign an NDA so we can release more information.
The price is only for the business, inventory and new franchise agreements will be extra.
*Picture is not indicative of the business operations.