Listing ID: AAE 06182018
Location: Edmonton, AB
Automotive Electronics Repair
This company is a warranty repair depot for manufacturers of automotive test and diagnostic equipment. They have been in the Edmonton area since 1963. The current owners purchased the business in 2007 and have continued to grow and expand the operation. The company does warranty repair work for many name brand automotive equipment companies. Their focus is to restore and repair equipment such as A/C recovery units, battery chargers, multi-meters, wheel aligners, balancers, and other diagnostic equipment. They have recently included generators and pressure washers to their warranty line up.
Why This Business
- Niche market – this is the only business of this nature in the Edmonton and surrounding area
- This company offers both warranty and non-warranty service to its customers
- Ease of take over
Are the current owners the founders? No How long? 11 years
Is this a Franchise Business? No
Owner Support/Training: Negotiable
Reason for Sale: Owners wish to retire.
Business Premises and Location
Does the Vendor own the premises? No
Is the premises part of this sale? Not applicable
What is the cost of the lease? Available upon request.
Documents Available For Review
Business Sales Memorandum, Financial Statements, Equipment List
Annual Revenue: $ 502,686 (Annualized)
Discretionary Earnings: $ 193,893 (Annualized)
Assets: $ 100,000
Year Established – 1963
# of Employees – 5 Employees /2 Owners
Asking Price – $ 689,000
Seller Financing – Not Applicable
Inventory: $ 103,557.