Specialty Equipment Dealer with Strong Growth

Listing ID:
GUELPON001-N155

Confidential, Ontario, Canada

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

Listing Status: Active

Sunbelt of Guelph, Kitchener, Waterloo, Brampton

Phone: (519) 821-8306
Fax: (519) 489-2755

The following broker is assigned to this listing:

Robert Mitchell

rob.mitchell@sunbeltcanada.com
Cell: (519) 820-9043

Description

This outstanding company is a dealer for new, used and completely refurbished specialized equipment. They provide Sales and Service for all brands of this specialized equipment. They have been growing at a strong pace for the past 4 years. They are unique in the industry as their business only sells this specialized equipment and are known for being the leading experts in the field for reputation, knowledge, service and inventory. They are the largest dealer for this equipment and associated parts. They offer a wide range of services which include their core equipment distributorship as well as mobile mechanics, equipment floating, in-shop and on-site service and repairs, replacement parts and rental equipment. There is a Sub Dealer network coming online in late 2020 to significantly increase sales and profits. They have highly skilled and dedicated workforce that are experts in the industry and they have very little turnover. The business comes with a very large inventory of new and used equipment and an exceptionally strong balance sheet. Their floor plan does not require the company to make any payments for the first 6 months nor does it incur and interest during that time. The business just purchased an exceptional new property with purposeful land and buildings and they are available for purchase if the Buyer is interested. They are operating during this current period of Covid 19 and the industry is growing due to increased demands. This is a very unique opportunity to purchase a strong business that is expected to grow with strong organic growth and new sales outlets coming online this year.

Financials

Asking Price:$6,500,000
Revenue:$12,000,000
Cash Flow:N/A
Downpayment:$0
Monthly Payroll:$0
FF&E Asking Price:$700,000 (Included in Asking Price)
Inventory Asking Price:$3,000,000 (Included in Asking Price)
Financing Available?No

Property

Asking Price:$0
Building Size:N/A

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:2004
Year Acquired:2015
Full-Time Employees:14
Part-Time Employees:6
Reason For Sale:Owners wish to retire.