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Details - Information last confirmed on February 7, 2021
Business Description & Opportunity:
The business has been operating from a rural location in central Alberta for the past 31 years with great success. They do on average $3.5MM in Annual Sales which translates into Seller Discretionary Earnings (SDE) of roughly $287k per year. At present the business has stayed focused on off-road vehicles and snowmobiles along with accessories, parts, and service, however, there is great opportunity to expand into lawn & garden tractors and implements, boats, motorcycles, and electric units such as bicycles, cars, and utility vehicles.
The owners are open to either a share or asset sale, typically however, asset sales are more common and straight-forward. Under an asset agreement the purchaser would take over all the assets of the business which includes all physical assets and intangibles such as the right to the name, phone numbers, website, and social media accounts. The corporation does not own the land or buildings and therefore are not part of the sale. However, the owners (shareholders) of the business personally own the property / buildings and will lease the present buildings located on the yard site. They do understand though that the present site may not be ideal and so, under the right circumstances, are open to constructing a new building in a more suitable location and lease it to the new owner(s) of the business. A 6 month to 1 year transition from the present site to a new location is a likely scenario. The ask is $1,150,000 plus inventory which, in recent years, ranges between $1MM to $1.6MM, for a total of $2.15 MM to 2.75 MM.
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