|Lucrative Power Equipment Dealership|
NCListing DetailsStatus: Sold
Listing Broker: Charles Milam, M&AMI, CBI
Listing Price: $292,000
Cash Flow: $157,000
Inventory Included: Yes
FF&E Included: Yes
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: No
Financing/Terms:Seller will provide some financing for a qualified buyer
Absentee Owner: Yes
Reason for Sale:Seller is preparing for retirement
Training:Seller will provide training and transition support as well as optional long-term assistance
OperationsYear Established: 2002
Last Acquired: 2009
Employees (full-time): 1
Business Hours: M-F 8a-530p, Sat 8a-2p
Business Description:This retail outdoor power equipment dealership sells and services most of the major brands of lawn and garden equipment from a beautiful, highly functional facility located in an easy to find and access portion of town. Whether residential or commercial, there is a brand and model to fit almost every buyer’s immediate need as well as trained technicians and a deep inventory of repair parts in-stock to meet customer’s long-term service requirements. Trade-ins are welcome and 3rd party financing is available on-site. Vendor relationships are well established and highly valued. The customer list is growing rapidly every month.
Historical Summary:The business was purchased from the original owner and has been profitable for the current owner from the very beginning.
Owner Qualifications:General business management skills are necessary with some knowledge of outdoor power equipment being a bonus
Competition:Although there are several competitors both locally owned and national chains, no one else offers the combination of product knowledge to earn the sale, in-stock parts to reduce down-time plus experienced and trained service technicians to keep the customer happy
Potential Growth:The greatest growth can be achieved from the daily presence and resulting efforts of a full-time owner / operator. Additionally, new customers could possibly be added through website and social media marketing. The addition of a rental fleet geared toward both homeowners and commercial accounts could take advantage of the current floor traffic of existing customers.
LocationOption: Business owner is the landlord
Monthly Rent: $3,500
Square Footage: 10000
Facilities:The attractive facility has tremendous frontage on a busy commuter street. Ample paved parking provides customers drive-up access to the large showroom and repair parts counter. The huge, well equipped service department earns lots of repeat business. There is ample inside storage as well outside storage on the 2 acre lot. Seller is willing to lease or sell the property.
Last Updated: Feb 3, 2016 / 12:34 PM
Financial Information Current as of: Jan 17, 2012 / 12:00 AM