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Established Recreational Vehicle & Trailer Dealer For Sale

Canada
Retail business
Company Data
Price
$6.3M
12%
Revenue
$17.3M
Top 10%
Profit
$2.1M
3X
Business Overview
About the Company
This is a well-run and operated 50+-year-old Recreational Vehicle and Trailer business with a loyal client base spanning multiple generations. The business offers both new and used Recreational Vehicles, as well as rental units and RV parts for sale. The company also runs a service department for past customers. The business has a great following with a total estimated RV’s sold over the past 5 years of over 1,700 translating to 300/320 units sold per year. The company is an authorized dealer for a number of the major recreational RV brands and has favorable payment terms as well as well-established relationships with suppliers. While the pandemic has temporarily increased demand above previous levels, there is a pronounced long-term trend for owning a recreational vehicle as a means of having more control and flexibility in vacationing options which has been pronounced even among a much younger demographic than the usual customer profile of the company. While the business experiences certain seasonality (Spring and Summer being the busier periods), the service and parts revenue which has grown over the years offer mitigation to seasonal cash flow. The increase in prices of recreational real estate and cottage properties over the last decade has also led to more demand for RVs as an alternative. The provided financial numbers are for FYE 2021, with FYE 2022 tracking above these numbers. The contemplated transaction for the business is for a share sale and includes a normal net working capital amount required for continued operations. Customary training and a transition period are to be provided. This is an ideal opportunity for a complementary business looking to tap into a multi-generational loyal customer base and well-established supplier relationships while growing the existing operations.
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