Catylist ID:
#30826400
EQUIPMENT REPAIR BUSINESS
Undisclosed Address, Manitoba
Business Opportunity
for Sale
| Catylist Listing ID: | 30826400 |
| Property Subtypes: | Machinery |
| Building Size (RSF): | See Agent |
| Sale Price: | $569,900 |
| Name of Establishment: | ATHENA SMALL EQUIPMENT REPAIR |
| Year Business Established: | 1993 |
| Gross Revenue: | $500,000 (Annual) |
| Cash Flow: | $136,000 (Annual) |
| Relocatable Business: | Yes |
| Last Updated: | 3/3/2023 |
Overview / Comments
|
FOR OVER 30 YEARS ATHENA SMALL EQUIPMENT REPAIR GETS THEIR CLIENTS BACK TO WORK QUICKLY. ATHENA REPAIRS BOTH POWER AND HYDRAULIC TOOLS AND HAVE A CLIENT LIST THAT IS THE "WHO'S WHO" IN THE CONSTRUCTION INDUSTRY. THEY ARE LOCATED AT 1474 WELLINGTON AVE NEAR POLO PARK SHOPPING MALL IN WINNIPEG, AND HAVE 2 YEARS LEFT ON THEIR LEASE. THE BUSINESS GENERATES APPROXIMATELY HALF A MILLION DOLLARS IN TOTAL REVENUE A YEAR AND NETS ON AVERAGE AROUND $96,000 OVER THE PAST 3 YEARS AFTER ALL EXPENSES. THE OWNERS HAD 4 EMPLOYEES UNTIL RECENTLY. WHEN ONE LEFT THEY FOUND IT UNNECESSARY TO REPLACE HIM. THIS WOULD ADD AN ADDITIONAL $40,000 TO THE NET INCOME, INCREASING IT TO $136,000 AND REDUCING THE ASKING PRICE OF $569,000 TO 3.2 TIMES NET INCOME. SHOULD NEW OWNERS WANT TO RUN THE BUSINESS WITH FAMILY ONLY, NET INCOME WOULD EXCEED $225,000. ATHENA SMALL EQUIPMENT REPAIR IS AN AUTHORIZED SERVICE CENTRE FOR ALL OF THE MAJOR BRANDS LIKE BOSCH, MILWAUKEE, DEWALT, METABO HPT, RIDGID, BLACK & DECKER AND MANY MANY MORE. ATHENA IS AN AUTHORIZED WARRANTY SERVICE CENTRE FOR ALL THOSE MAJOR BRANDS. THEY ARE ALSO ONE OF THE FEW REPAIR CENTRES IN CANADA AUTHORIZED FOR GREENLEE AND BURNDY HYDRAULIC TOOL REPAIR. THE MODEST PRICE OF $569,000 IS DERIVED AS FOLLOWS: 4.5 TIMES AN AVERAGE NET INCOME OF $96,000. $432,000 ESTIMATE OF INVENTORY VALUE $80,000 EQUIPMENT CURRENT VALUE $60,000 TOTAL $572,000 LISTING PRICE $569,900 FINANCIAL STATEMENTS AND THE LEASE DOCUMENT ARE AVAILABLE TO INTERESTED PARTIES. |
Additional Details
| Industry Segment: | Other Machinery |
| Reason for Selling: | THE 2 OWNERS HAVE DEVELOPED THE BUSINESS OVER 30 YEARS AND WISH TO RETIRE |
| Value of Inventory Included ($): | $80,000 |
| Value of Furniture, Fixtures, and Equipment ($): | $0 |
| Real Estate Status: | Leased |
| Value of Real Estate Included ($): | $0 |
| Real Estate Lease Description: | 2 YEARS REMAINING THEN FREE TO RELOCATE |
Contact
Bruce HarveyRE/MAX professionalsCPIX® Member |
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