Alberta Commercial Warranty Depot/Repair Service

Alberta Commercial Warranty Depot/Repair Service Investment level: 675,000 Type of sale: Share Sale Pre-Approved Financing is in place ( OAC) It is time for our clients to retire and move onto the next thing in their lives. This 61-year-old legacy business has been in operation with the current owners for over 23 years. The business offers buyers a variety of revenue streams, such as repair, servicing, parts sales, and warranty work for a long list of Canadian Commercial Retailers and Service Providers. Best Fit Buyers • Someone who has an electrical or mechanical background. • Someone with strong management experience. • As an add-on revenue stream to an existing repair business. By repairing machinery and equipment which would end up in landfills this business creates a win-win by offering their clients cost advantages, and helping to contribute to a greener environment. Along with the owners, this business’s long-term and experienced staff will be able to assist buyers throughout the entire transition of this business. Business at a glance Years of operation: 61 years. Current ownership: 17 years Owner 1 Responsibilities: General Manager. Training of new staff. Bookkeeping and overseas the day to day. Hours worked per week approx. 45. Owner 2 Responsibilities: HR, Marketing and Payroll Hours worked per week approx. 20. Key Strengths History and reputation; diversified services; development of specialized equipment; strong and loyal customer base; long term staff. Lease: Expires November 2025 Option to renew available. Staff: Fulltime 3 Part Time 2 Hours of operation: Mon-Fri- 8:30 -5 pm Sales: 2021 (677,000) 2022 (737,000) 2023 (733,000) Normalized Seller’s Discretionary Earnings 3 Year Average: 193,00 BizPlanSell Helping Sellers and Buyers of Family Businesses for over 40 years. How can we help you?