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We are pleased to present an outstanding tractor and outdoor power equipment business that has served area residents for over 75 years. The seller has decided to retire and transition his successful operation to a new owner operator.The company has several diverse revenue streams including new equipment sales, service, and parts. It offers an established and trusted OEM tractor line (under 100 hp) along with a well-known line of outdoor power equipment including lawn mowers, trimmers, chain saws and snow blowers. They also offer a popular line of quality off-road vehicles. Service is another important revenue stream as many area dealers of new equipment do not offer repair and warranty options. Spare parts are carried ininventory for over 10 brands of equipment.With a favorable SDE multiple of 3.3x, the business is attractively priced at $ 1,295,000. The seller envisions an asset sale in which he retains cash and A/R while retiring all liabilities. The buyer receives the goodwill of the business, all fixed assets and approximately $175,000 (cost basis) of inventory. For a qualified buyer the seller will carry a meaningful six-figure note.
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