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Proven Sales And Income- Truck Accessories Store for Sale

(ID# 393)

Financials

Asking Price: $579,900
Sales Revenue: $2,300,000
Net Profit: Undisclosed
Furniture, Fixtures
& Equipment:
$150,000
Stock: $350,000

Business Summary

Established, profitable business with loads of room for growth. This business is the number one source in a booming community for truck accessories from toolboxes, mud flaps to lift kits rims and tires. In addition it has a steady business of walk in sales of items such as helmets, jerseys, clothing, ATV, Moto Cross and Sled parts and accessories. Currently operating out a 7500 sq foot building with one bay, and moving to another location with the additions on 1-2 bays which would triple labour income immediately. The labour rate is currently 125 per hour with room to increase. In place administrative staff and mechanics. This business is located in Fort McMurray, which lies within the Municipality of Wood Buffalo. Wood buffalo has had surging population growth over the past decade, with no slow down in sight due to the increases in the oil sands production at surrounding companies. This growth in oil sands production leads to increased population, increased disposable income as well as a huge market of contracting companies requiring accessories and repair for their work truck fleets. The 2007 census results reveal a total population of 89,167 for the Regional Municipality of Wood Buffalo, up 16.2 per cent since 2006. As well there is a huge shadow population of workers who call another city home but come to the region to work for long periods. It is estimated these people add another 50,000 to 100,000 to the population. Stats Canada lists Wood Buffalos average median income for 2006 at $122,442 which is one of if not the Highest in the entire country. More information regarding some of these statistics can be found at http://www.albertafirst.com/profiles/statspack/20699.html Excellent opportunity for someone interested in Offroad vehicles All terrain, Moto cross and or sledding, and the desire to take this store to the next level. Our store has experienced double digit sales increases for the past 5 years in a row and this year we are still growing! The owner is willing to take a down payment and finance that balance for the right buyer. Tools and stock included is negotiable, as well as the owner’s residence located 1.5 blocks for the store. Asking $579995 CAD with a minimum down payment of $100,000 Financing options vary on a person by person basis

General Information

Employees: 8
Year Established: 1998
Trading Hours: 9-6

Property/Location

Real Estate: Lease
Accommodation: Owners home 1.5 blocks away form store is available
Location: High Visability location

Other Information

Training Support: Full Training available, length and terms neg.
Market Outlook: Very good market, highest income and disposable income in country
Financing: Negotiable terms, downpayment required of 100k. Monthly payback, with or with out yearly lump sum or

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