Profitable Power Equipment Dealer

Contact: Tim Carter
Phone: 616-560-1080
Email: [email protected]
Your Reference ID: TC1071117

Description:

The owner of this successful 60 year old Indiana based dealer and authorized repair service of major brands of compact and utility tractors, and commercial and residential lawn and garden power equipment is ready to retire. He looks forward to transitioning his business to a new generation of owner-operators. His decision could be your opportunity. 

Located in a desirable and growing community, the business is housed in an attractive 7,500 square foot facility with excellent road frontage and easy access to major highways. The business has a general manager among its seven loyal employees which allows the current owner to be away from the business for extended periods.

 In 2016, the business recorded revenues of $4,350,000 with SDE (seller’s discretionary earnings – the cash flow available to pay an owner-operator to service debt) of $215,000. 2017’s first quarter was exceptional with respect to both sales activity, and the backlog of business in the repair que which was greater than anyone could remember.

The business is listed at $795,000, just 18% of revenues. The business comes with $100,000 of furniture, fixtures, vehicles and equipment, including state of the art POS and inventory management systems. Approximately $360,000 of company owned inventory must be purchased separately along with assuming the floor planned inventory. A meaningful seller note will be available for a qualified buyer.

To learn more about this very attractive business opportunity please contact Tim Carter (tcarter@praxisbusinessbrokers.com or 616-560-1080).

Location(s): Midwest

Asking Price: $795,000
Cash Flow: $215,000
Gross: $4,350,000
Inventory: 360,000

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