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Established over 50 years ago, this business has been serving the Lower Mainland of Greater Vancouver, BC and supports landscape contractors, general contractors, district and municipal customers and homeowners with a diverse product portfolio of equipment. With a product portfolio including Honda Power Equipment and Outboard engines, Stihl, Husqvarna, Exmark, Shindaiwa, Echo, Makita battery products, BE Pressure and Powerjet pressure washers to name a few. The business also has an extensive offering of accessories including Silky saws, Felco hand tools, safety clothing and more. The business also has been aggressively transitioning the product portfolio to battery products given planned changes to city and municipal bylaws in the coming years. The business has seen explosive growth in battery powered products and has become a destination for these battery products.
The business has an extensive web presence including an online store which provides a growing revenue stream of additional sales each month. The business utilizes a very effective online advertising campaign to push traffic to the website and continue to grow online sales. All advertising is reimbursed at 50% of total cost via co-op reimbursement from the manufacturers reducing the net advertising costs of the business.
The business is moving to a new prime location with a 5 year lease substantially below current market rates with two additional 5 year extensions at the option of the business. The business could be operated by a hands-on owner operator or let the current General Manager continue to manage the day to day operations.
The business also has a very busy service/repair business with higher margins that completes thousands of repairs per year with a team of full time mechanics. The business also maintains an inventory of parts for service and sales and an inventory of rental equipment. There is a significant opportunity to expand equipment rentals with easy reach items to drive further growth and additional profit.
This is a share transaction and could be closed quickly as the business is managed and operated effectively and the owner will provide a full transition to ensure a smooth transition.
Serious enquiries only please and any interested buyer must provide confirmation that the buyer has the financial means to complete a transaction prior to providing the detailed Confidential Memorandum and Financial Statements.
For more information, please contact us by using the form below.
Recently signed a new 5 year lease at very attractive below market rents with two 5 year options to extend at the lessee's option
$9,000 (CAD) per annum
Moving to a prime location with below market long term lease located in the Greater Vancouver/Lower Mainland area
Over 6900 sq ft of retail, storage and shop space fully renovated and upgraded for the business
Lots of opportunity for growth with the addition of new product lines, rental equipment and continuing to grow the very successful online store. There are a number of significant growth opportunities for the right new owner to come in and push the business to the next level. The foundation is there and the business is well positioned for future growth.
Very little competition in the immediate sales, rental and service territory. The business has a very captive and dedicated customer base which is expanding rapidly due to its successful online store and website presence
Pursue other interests/retirement
Business operates Monday to Saturday
Owner will provide up to 3 mos of transitional support and the business currently has a General Manager in place to manage the day to day operations
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