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SOLD

Retirement Construction Equipment Business For Sale

Revenue:

$5,100,000

Ref #:

3587

Location:

Greater Toronto Area

* Unique opportunity to own one of the leading suppliers of medium and heavy construction equipment in the Toronto area. Business has exclusive agreements for Ontario market with some of the manufacturers

* Company also provides equipment for lease and rent, and also services the equipment

* Operating for nearly 30 years with an excellent reputation in its markets

* Y/E 2021 revenue of $5.1M and 2020 revenue of over $3.7 million

* Y/E 2021 earnings before incomes taxes of $607K and 2020 discretionary earnings of $500K

* Business currently maintains $3M in inventory

* Business has built a strong reputation for providing quality customer service to its clients. Over its long history, business has a client base of nearly 3,000 customers which include government clients, construction builders and companies, contractors, subcontractors, trades persons etc.

* Has a staff of nine full-time employees excluding the owner. Owners key role in the business is general management and sales management

* Company’s sole owner is semi-retired and is open to various deal structures. He is also interested in staying on to help grow the business through a transitional period of 1-3 years.