|Equipment Sales & Service Dealer|
Listing DetailsStatus: Sold
Listing Broker: Charles Milam, M&AMI, CBI
Listing Price: $175,000
Cash Flow: $68,000
Inventory Included: No
FF&E Included: Yes
Down Payment: $69,500
Financing/Terms:Business pre-approved for SBA loan subject to buyer qualifications, credit, & down payment.
Reason for Sale:Owner is seeking retirement from the business to focus more time on family and leisure activities.
Training:The seller has a strong desire to see the business grow and prosper under the stewardship of a new owner
OperationsYear Established: 0
Last Acquired: 2001
Form of Ownership: S Corp
Business Description:The business sells and services equipment supporting several different markets and customer types within the commercial, residential, and government space. The business is an authorized dealer for the sale and service of equipment representing a number of tier 1 manufacturers within an exclusive territory.
Historical Summary:This is a 11 year old business that is owned by the original founder. What initially began as a one-man show has transcended into a full service company with an established loyal customer base that have been a reliable source of repeatable business.
Owner Qualifications:A mechanical background is not required or a prerequisite to be a successful steward of this business. The new owner should have the appropriate qualifications to actively manage all facets of the business operations. A new owner who has the interest and passion to grow the business and take it to the next level will find this a compelling and a one of a kind opportunity.
Competition:As with most businesses, this Company is not without competition. In a 25 mile radius there are two other full service (equipment sales and service) shops and two rental companies that perform general equipment repair.
Potential Growth:We have detailed a number of short term, mid-term, & long term strategies that can be implemented to grow the business over the next five years. This data will be provided to qualified buyers.
LocationReal Estate for Sale: Yes
Monthly Rent: $550
Square Footage: 1700
Business is located 90 miles outside of Raleigh, NC. The Company has operated out of the same facility since its inception in 2001. The building is a 1,700sqft facility which houses the business’ office, showroom, and shop. Rent is $550.00 per month and the landlord is willing to extend similar terms to the new owner.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current as of: Jul 23, 2013 / 2:17 PM