Expert Advice

Truck Specialized Repair Business in London, Ontario For Sale

Truck Specialized Repair Business in London, Ontario For Sale

Businesses for Sale

In operation for may years, this business provides specialized Truck and car repair services. The company is recognized as an expert in its field. The business has a large and loyal customer base, which includes entities that are significant in size. Over the years, the Company demonstrated consistent revenue and profit streams.

The owners wish to sell assets of the company. In addition, the building can be purchased or leased. Comprehensive training, if required, will be provided by the owners to assure a smooth transition.  The Vendor will provide a small VTB if required provided there is enough collateral offered and a reasonable interest.

This is an ideal opportunity for either a strategic industry buyer or a well-financed individual investor who is willing to hire appropriate management to operate the business. This well-established, profitable business may also appeal to a buyer who has previous experience with automotive repair and who seeks to become an independent business owner.

Transaction Information:

Asking Price:  
Business Equipment and Goodwill $    920,000
Current Assets (at actual) Estimated $    230,000
Total Business Assets $ 1,150,000
Building can be leased $32,000/year  
Building Selling Price $    550,000
Revenue: $ 1,300,000
EBITDA (Normalized, after rent): $    290,000
Sellers DE (Normalized): $    425,000
Employees: 7 (incl. 3 owners)

For Further Information Please Contact:

Mike Evans Salesperson 519-673-2156 mike@beaconbrokerage.ca

Rick Odegaard Broker of Record 519-854-4661 rick@beaconbrokerage.ca

Established Industrial Plumbing & HVAC Company in Southwestern Ontario

Established Industrial Plumbing & HVAC Company in Southwestern Ontario

Businesses for Sale SOLD

This very successful business specializes in commercial and industrial plumbing in a reasonable size community in Southwestern Ontario. The company provides plumbing, pipe fitting, gas installations, HVAC and sheet metal services.  The business capitalizes on its reputable brand within the industrial and commercial community and has developed an extensive and very loyal customer base because of its specialized expertise.

Sales are primarily driven by word-of-mouth referrals and its management team, which actively engages in promotion of the business to its customers. Management is proud to service its many repeat customers.  The business has demonstrated profitable historical financial performance, solid sales and year-over-year returns. There are significant opportunities to grow the sales and profits.  The business does not demonstrate significant seasonality. The business is TSSA certified and has limited competition in its area of expertise in its immediate market area.

The business is staffed with highly competent and skilled employees, ensuring excellent quality services to their clients. The Company and its employees have built solid relationships with local inspectors.  This is an excellent add-on opportunity for an HVAC or plumbing company; or an energetic entrepreneur with a passion and experience in the plumbing/HVAC industry. The existing owner is willing to provide the required training and support to ensure a smooth transition. This is a share transaction which includes a base level of working capital of $175,000. Real estate is available for lease, as a separate purchase at a market rate, or relocation depending on buyer’s preference.

Sale Information

Type of Sale: Share Sale
Asking Price: $1,360,000
Working Capital (included): $175,000
Equipment (management FMV): $252,934
Revenue (2018): $2,323,018
Gross Margin (2018): $1,363,814
Seller’s Discretionary Earnings (2018):  $526,047
Normalized EBITDA (2018): $426,047

 

Please note the building is available for lease in the above sale.  The building can also be purchased separately for its fair market value.

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