Outdoor Power Equipment

Not Disclosed, SC

Asking Price: Annual Revenue:
$1,200,000 $2,766,358

Services: Landscaping & Lawn Care

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RE: Outdoor Power Equipment Broker: David Smith
Owner Financing is Available!
$120,000 down/$120,000 over 60 mos. @ 6%/ Other Financing

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $2,766,358
Net Profit: Not Disclosed
Cash Flow: $411,139
Total Debt: Not Disclosed
FF&E: $58,500
Real Estate: Not Disclosed
Year Established: 2005
Employees: 14
BBN Listing #: 28704955
Broker Reference #: 1207-16154

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Business Overview:

Well-established company sells power equipment, power equipment parts, and repairs power equipment and small engines. Over the past 15 years, they have secured a loyal customer base, maximized operational efficiencies, established contracts, formed relationships with suppliers. They work with individuals, small companies, school districts and have contracts with large retail stores, municipalities, and a power equipment manufacturer to perform sales and warranty work.

Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 6-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month), for a total savings of $54,000. The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee of approximately $30,000 (based on the above loan amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.

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Property Features and Assets:

This business operates out of a 5,000 square feet main facility to sell parts, equipment and meet with customers dropping off equipment for service. The property may be leased for $60,000/year or purchased in conjunction with the business for $650,000. Assets= $86,500

Market Competition and Expansion:

There are 3 Power Equipment Dealers in the Greater Columbia area that would be considered competition. None of the three produces the gross revenue of this company, nor do they have the corporate contracts. They serve a different market, They are 15 miles, 21 miles, and 21 miles away. An organic growth of 3-5% annually is projected by the Owner(s). There are few outside sales/marketing calls made. One way to increase sales is to deliver tools and equipment to job sites for customers. There are additional government contracts that are available for bid. The pickup and repair territory for retailers can be extended beyond the 50-mile radius they currently service.

Reason for Selling:

Partner wants to retire.

Additional Details:

  • The property is leased.
  • 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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