Business for Sale Overview:
The March Group currently represents a well-established and profitable equipment rental and retailer serving a captive Washington state market. The Company is one of the only regional outlets for the sale, rental and service of a comprehensive assortment of power tools, equipment, and related products and accessories. Centrally located on a picturesque and historic island in the Puget Sound in the region’s commercial center. Median home price in the region is the highest in the state, supported by a very affluent population disposed to spend on home maintenance and improvement. The customer base therefore exhibits a healthy diversity of both homeowners and contractors, who rely heavily on the Company as one of the few local suppliers. Authorized dealer, and carries a full line of products, for such manufacturers as Stihl, Toro Ariens/Gravelly, and Senco, with which the Company has maintained excellent relationships for many years. Product and equipment sales and rentals, along with repairs and services, generate the bulk of revenue (35%, 34%, and 10%, respectively), with recent years witnessing a rising number of big-ticket purchases. EBITDA margins for this retailer have averaged 14.2% over the past three years.
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Property Features and Assets:
The facilities feature retail space of nearly 3,600 square feet, plus an additional 1,400 square feet for storage and two 5,000 square feet lots used for off-site parking. All real estate is available for consideration along with the business.
Market Competition and Expansion:
A lengthy successful operating history in one of the most idyllic and affluent areas of the Pacific Northwest distinguishes this unique acquisition opportunity.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.