For Sale: Industrial Equipment Service and Wholesaler

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This is a unique opportunity to purchase a profitable business in Greater Victoria. The business specializes in supplying and servicing products and tools to Victoria’s booming construction industry and has been in continuous operation by the original owners since 1999.

The business operates out of a bright newer 2600 square foot building with lots of parking. The assignable lease has almost five years remaining on it with options for another term. The business has been consistently profitable since inception almost 20 years ago and today boasts revenues of more than one million dollars and an adjusted SDE of $200,000.

No special training is required for a new owner to take on this business.

Background information

Reason selling:
retirement

Finance

Sales:
$1,000,000

Profits:
$200,000

Profit type:
Discretionary Earnings

Operations

Employees:
2 FT, 2 PT

Equipment with a fair market value of approximately $50,000 is included in the purchase price of the business.

Inventory:
Approximately $80,000 is included in the purchase price

Premises

Facility:

Newer building with plenty of parking and good access.

Square footage:

2600

Rent and lease terms:

Five year lease, 4.5 years remaining with option. Monthly rent is $4,100 (includes triple net).

Location:

The business is located on the West Shore but services all of Victoria.

Price and terms

Price:

$400,000

Financing:

A qualified purchaser will be able to finance a portion of this business.

Training:

As required