Lawn Equipment-High Volume Commercial Sale/Service

Not Disclosed, PA
Bucks County

High Traffic Philadelphia Suburb


Asking Price: Annual Revenue:
$8,500,000 $7,800,000

Services: Real Estate


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RE: Lawn Equipment-High Volume Commercial Sale/Service Broker: NICHOLAS SCIURBA
License #: RS321281

Quick Facts

Asking Price: $8,500,000
Annual Revenue: $7,800,000
Net Profit: $542,000
Cash Flow: $815,000
Total Debt: $19,000
FF&E: $610,000
Real Estate: $3,400,000
Year Established: 1987
Employees: 14
BBN Listing #: 502162822
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Family owned and operated. Business began in 1897, sharpened and serviced horse drawn, and people powered reel mowers that maintained estates and parks in the Germantown section of Philadelphia. The original store in Germantown grew with the development of the self-propelled gasoline powered lawnmowers. In 1965 the brothers opened a second store in Bucks County, PA. In 1986 a third location opened to service the suburbs in Montgomery County, PA. Today the four Brothers operate as hands-on Managers of the two locations, with two brothers managing the Montgomery location and the other two brothers managing the Bucks County location. Both have developed success over the past 35 years in the residential and commercial market which include revenue generated from equipment sales, parts sales, repair services and labor fees. Revenue exceeding $7M for 2020, representing sustainable growth and profit each year. The business is currently supported with a positive relationship of service with parts revenue contributing to 16% and labor revenue contributing at 12% of total revenue. New equipment sales separate from parts and labor totaled 59% of total revenue. The balance of revenue contribution is associated with used equipment sales, delivery, miscellaneous shop charges.

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Property Features and Assets:

Located on a major cross section, centrally located among a large number of smaller communities, well known throughout the region as a great place to purchase lawn and garden equipment and the best place for repair and maintenance. The property consists of just over 3 acres, with a warehouse and storefront. There is a large presence from nearby signature townships well-located in the northern suburbs of Philadelphia, near the intersection of PA-611 and PA-132. As of 2020, the property’s demographics have ±145,374 individuals residing within a five-mile radius, with an average household income of ±$126,491. In the same year and radius, there were ±27,447 residents age 65+. In addition, the total specified consumer spending within a five-mile radius of the property accounts for $2.1B, and there are 7,194 businesses and 76,998 employees.

Market Competition and Expansion:

There are impressive stats depicting the commercial and residential contribution entwined within new sales, parts and labor representing 70% commercial and 30% residential. A 30 year recurring customer list for future promotions. This is an excellent growth potential for an investor to unlock significant upside expanding currently available space. There is the capability to leverage the townships, flexible C1 zoning with over 20 permitted classifications from retail, to retirement communities-health care, office & community centers. The property is being offered Fee Simple and free and clear of property-level debt. Due to heavy demand in general for the products offered by this company there are competitors. But none which offer both the breadth of the product lines and the service available after the sale. You will recognize the name brands carried by the company, many of which recognize the company for outstanding sales of the various lines, year after year.

Reason for Selling:

Retiring

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.

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