Garage - repair and maintenance with specialty tow bars - to take over - Antwerp Kempen (OKT)

Photo is a sector example generated with DALLE AI

ACTIVITY

• Specialist in sales and installation of towbars - various brands
• Clientele consists of
• 60% from professionals, neighborhood garage dealers who have their towbars mounted at this specialist.
• 40% includes direct private market.
• The company is run by the manager and 2 full-time technicians.
• The company has 2 production halls (together 560 m²) a six bridges, 3 modern (suitable for the heavier cars) and 2 with an age of 9 years.

STRONG POINTS

• well-established business that has been in existence for 50 years
• good reputation
• Good references, also via internet
• All equipment in good condition, no replacements needed for the next few years.

POTENTIAL

• There is still growth potential, especially in attracting Dutch customers (towbars are more expensive in the Netherlands).
• acquisition is feasible for motivated and wealthy starter or sector colleague who can grow faster through acquisition
• current manager is willing to provide guidance or training during the desired period

KEY FIGURES (2022)

• Turnover 560,000
• EBITDA 36,000
• Current profit 25,000

For 2023 we note on the basis of known sales a growth of +5%, For the following years the valuation took into account a conservative growth expectation of 2%.

OFFERING

Transfer of shares

The premises are rented from third parties at a normal rental price (€ 2100 / month) and are up to date for the
activities of this company (workspace, office space)
- Lease was recently renewed for the next 9 years.

Interested
Get in touch using the contact form below.
It is interesting for the seller to already communicate a brief presentation of yourself and your motivation
1. What is your profile and background?
2. Why are you interested in acquiring this company?
3. What are your questions and expectations?