Bath Solutions New Brunswick

For sale, Bath Solutions New Brunswick, a profitable specialty renovation business which has been operating for 14 years. Reason for selling is the wish for retirement by the principal. The business is based in Saint John, and also has clients in the Fredericton and Moncton areas. Relocation of the core business functions to those markets would be practical. A significant portion of the ongoing business is based on referrals from health care providers, previous customers, and recurring government and institutional clients. This ongoing business does not require sales and marketing expenditure to capture, and this is supplemented by web advertising and some niche advertising opportunities.

The business operates out of leased facilities, and owns a service van and pickup truck along with all tools required to do the scope of projects it undertakes. A sales person is currently on staff. The business has significant growth potential, as competition in the field is limited and the Fredericton and Moncton markets have not been aggressively marketed.

For the past fiscal year, the company had an overall Sellers Discretionary Earnings of $170k on sales of over $900k, and the asking price for the business is $525k in a share basis. Roughly $25k of inventory is included in the asking price, and will be adjusted at closing.

As this opportunity is part of a franchise system, approval from the franchisor will be required, and acceptance of the franchise agreement will also be necessary. The franchisor provides a robust set of system tools and support which will be made available to the buyer as part of that agreement.

Operational, installation, and sales training will be provided by the seller locally and franchisor remotely. Should travel to the franchisor be necessary it would be at the expense of the buyer.