Seller Financing Available
Gross Revenue: $1,379,000
71150 -Power Generator System Sales-Service-Installations
Operating from its headquarters in a prime region of Vancouver Island, British Columbia, this business specializes in providing, installing and repairing power generation systems and related equipment for industrial, commercial and residential applications. Offering these services requires tools, equipment, and licensed personnel to perform the work. The Company has a proven track record, supported by testimonials written by customers over the years. With its broad range of products and services, the Company’s marketing efforts focus on targeting customers in the timber, energy, construction, healthcare, transportation and aquaculture industries. The Company serves the coastal region of British Columbia and Vancouver Island. Revenues have been consistent over the past 5 years, with no significant growth in revenue. They are authorized dealers for several products including Cummins Engines and Power Generation
This company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. The owner has operated this business since it's inception in over 25 years ago and is now approaching retirement. Revenues are currently derived as follows: Industrial currently represents, 40% of the Company’s new product sales are to forestry, energy, construction and other large firms with remote or standby power needs. Healthcare and Transportation 15%, from maintenance contracts on backup power systems sold to hospitals and airports. Aquaculture 15%, products are sold to businesses breeding, rearing, and harvesting seafood, an opportunity to expand into this market is available. Retail and Standby Power Rental account for 15%, products are sold or leased to individuals and resellers, an opportunity to expand into this market also. Contact David Michaelson 214-815-0186.
Inventory: Included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: The Company operates from a leased 4,000 square foot facility with four offices totaling 900 square feet, 2,000 square feet of service and repair area, and 1,100 square feet of storage space. Located on nearly an acre in the downtown area, the building has two floors. The business could be relocated within the regional service area.
Competition: 80% repeat clientele.
Growth & Expansion: While the current owner is actively taking steps to improve the company, such as redesigning the website, seeking out sales personnel and pursuing new contracts, there are other revenue increasing improvements to be made. A new owner might consider increasing the rental market, adding to the product line or increasing the service contracts.
Financing: Negotiable up to: 25.00 %
Support & Training: While the owner will be available for a transition up to two years, the key employees will most likely stay on after the sale.
Reason for Selling: Other interest.
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