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Quick Facts
Asking Price: | $299,999 | |
Annual Revenue: | $2,324,792 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $204,836 | |
Total Debt: | Not Disclosed | |
FF&E: | 60,117 | |
Real Estate: | Not Disclosed | |
Year Established: | 1978 | |
Employees: | 10 | |
BBN Listing #: | 72304955 | |
Broker Reference #: | 3402-14816 |
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Business Overview:
The leading power equipment business in the NY region with both a commercial and residential customer base. Over 10 of the leading dealer agreements in place. They are a nationally recognized dealer for the top manufacturers of products in the power and lawn equipment industry. They also service and repair equipment on premises and the staff is all factory trained with all the up-to-date necessary certifications. They are the go to shop for all things power equipment. You don't want to miss this opportunity to own such a well run company that is poised for future growth. Over 4K customers annually! It's grown every year!
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Property Features and Assets:
The real estate is also available for sale for $750,000. The location is a prime space near the town center with over 11,000 cars driving past the store's front door each day. The property consists of 9,000 square feet of leaseable space with a main retail store, service center and warehouse. Well maintained with ample parking and many improvements in recent years to the building. Assets= $185,117
Market Competition and Expansion:
After over 40 years of success, this business continues to grow and is the leader in its territory. They have built up a strong network of customers, suppliers and manufacturer relationships so competition is minimal for their territory. The US lawn and power equipment industry is nearly $9 billion and is expected to grow over the next few years. New types of power equipment will be phased in during that time and the opportunities for additional sales growth will be fueled by this new line of equipment. The Dutchess county area is booming so lots of new customers coming in!
Reason for Selling:
The owners are ready to retire.
Additional Details:
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