Distribution-Sales-Lease-Repair, Lift Truck Equipment
Distribution-Sales-Lease-Repair, Lift Truck Equipment
Price: $500,000
Location: GTA
Listing ID: 20220525
Listing Status: New
This well-established niche business, founded 39 years ago, serves the material handling market with sales, leasing and rental programs as well as a complete service program for new and used lift truck equipment.
Selling, leasing or renting both new and used equipment allows the company to satisfy virtually any material handling equipment requirement. Short and long term rentals are available.
The Company provides Planned Maintenance programs for customers and maintains a parts inventory to support timely service and repair.
Total Sales: $1,660,000
Cash Flow: N/A
FFE Included: Yes
Reason For Sale:
Owner is retiring.
Training & Support:
Present owner is prepared to support a well-planned transition to a new owner and will train the purchaser as required for a period of 3-4 months. Current owner manages and assists on jobs when needed and the company could operate if the owner was replaced with a manager.
Year Established: 1983
Owner Hours Per Week: Monday to Friday, 8am – 4:30pm
Employees: 5
Type of Location: The Company leases 4 units in an industrial condo complex close to major highways, 401,407, Ajax Pickering Hospital, Pickering Town Centre and Commuter Rail.
Facilities Information:
4 units comprising approximately 6,800 sq. ft. are leased, with offices and shops/storage at rear. Lease expires November 30, 2023 with option to renew for further 3 years. Total Rental for all units including HST and TMI is $7,523,91 monthly.
One unit is sublet to another business at present.
Competition:
The company has more experience in its type of business and offers lower costs than its competitors. The company’s pricing structure, quick service responses and delivery of products are strengths of the company.
Potential Growth:
The company has been growing yearly.
Technicians are factory trained and dependable.
More customers are converting to long-term leasing which can be provided by this company.
Although the business is located and focused in Ajax, it can serve a broader market area, including the Greater Toronto area.
With a well-known brand, long-term reputation, quality service and sales/leasing/rental offers, the business continues to grow.
However, a serious family health issue arose which has caused focus on the business to be reduced.
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