Farm Equipment Dealership Overview
The Farm Equipment Dealership is located in the Thompson-Okanagan region of British Columbia, Canada. The Company provides a range of farm equipment lines to farmers and ranchers throughout the region.
The economic environment in the farm sector has supported growth over the past 15 years. Total new farm equipment sales have increased 5% per year on average from 1999 to 2014, for a total increase of 82%. Growth in farm equipment sales is led primarily by sales of tractors under 40 HP, increasing by ten thousand units from 1999 to 2014, or 300% growth. Sales of all other types of tractors have also increased, but not at the same rate (Farm Credit Canada, 2015).
The Company has over 15 full-time employees. The business has a diverse range of experienced and long-term employees who will be a part of the transition to new owners. The current owner of the Farm Equipment Dealership is willing to remain in the business after the sale for a negotiated period of time to ensure a smooth transition.