Business for Sale Overview:
With revenue over $2.1MM, inventory greater than $600K and Seller s discretionary earnings over $138,900K /year. This business has supported a great lifestyle for the owner and his family for many years and can be expected to do better for new owner in future. Great opportunity to own a 61 year old New Holland farm equipment dealership that has become an institution in the community, it continues to grow and has room for expansion. Business is located in Somerset County, PA ; a farm community that has missed the recession. It is positioned close to rural counties in bordering States of MD and WV. There is very little competition within 80 mile radius. In addition to the sale of new and used tractors and farm equipment, this business has a much respected and well equipped repair department and a fully stocked Wallace Hardware Store. Farm equipment sales remain the majority of the revenue, with repairs and hardware sales helping to balance the seasonal volume of revenue. At the age of 71, The owner is reluctantly selling due to family health issues, he is willing to share his plans for growth that include the expansion of the buildings and development of a garden center to meet the demands of the local market. It is important to the seller that the new owner continues to grow the business and provide the service his loyal customers have grown to expect. In the interest of finding the buyer most likely to succeed, the seller is willing to lease the entire property with an option to buy within 5 years at a very reasonable price of $800,000. ($400,000 below certified property appraisal). This is a very unique situation in which seller has decided that it s time to retire now! He has listed the business for sale with Sunbelt Business Advisors and has allowed the business to be advertised with name and location. If interested please respect the seller's time and wishes by contacting the listing Sunbelt broker: John Lichter.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
2 buildings locatred on 2.6 acres with two well designed buidings that total 15,600 sq. ft. of retail, office, repair shop and storage space. Lots of frontage and parking on popular highway with easy access. Support/Training: Key employee willing to stay with new owner. Owner of 36 years will remain avialable for transition to introduce new owner to valued customers.
Market Competition and Expansion:
Competition: The New Holland Name is recognized and respected for an innovative and diverse product line, including a full line of tractors,as well as hay and forage, harvesting, crop production and material handling. Closest competing dealer is more than 30 miles away. Very little competition form other brnds in area.
Growth/Expansion: Seller will share plans for expansion of the facility to include a garden center to meet hte needs of the local market.
Reason for Selling:
Retirement.
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.