Business For Sale

Power Tools Sales and Repair Poised for Growth

Covington, WA
King County


Asking Price: Annual Revenue:
$350,000 $608,691

Retail: Hardware, Bldg. Materials, Garden Center


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RE: Power Tools Sales and Repair Poised for Growth Broker: Kevin Moen
License #: 127294
Owner Financing is Available!
$175,000.00

Quick Facts

Asking Price: $350,000
Annual Revenue: $608,691
Net Profit: Not Disclosed
Cash Flow: $141,377
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 605452112
Broker Reference #: 31861-443383

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Business Overview:

Family business for sale for the first time in over 50 years, sellers ready to retire. Located in the Kent/Covington area it is a full line dealership offering Stihl and Honda power tool lines. Massive growth is coming to this region as the result of the surging Seattle housing market, regional growth, and multiple planned developments. This dealership will service these new developments, allowing for built-in growth for new owners benefit.

Honda and Stihl repair and retail sales provide strong brand awareness, multiple income streams, and trusted partners. Majority of the revenue is generated from sales and 25% from repair work. Much of the business is repeat business from satisfied customers. This is an Elite Stihl dealership which gives it a free website and extra margin on most products. The Seller has done almost no advertising or promotion and the new owner can certainly capitalize on this by being more involved in social media and SEO.

There is no competition for at least 15 miles; the closest competitor is in Auburn and Issaquah. The business is only open 5 days a week (Tuesday - Saturday) 9AM - 5 PM - the new owner could increase revenues by staying open more days and longer hours. The business leases the land for $1,825 per month, but owns the building (2,000 square feet) and an enclosed fenced outbuilding and storage container.

The buyer must qualify to take over the dealerships. This is a turnkey business ready for the next owner to take it to the next level. The Seller is offering terms with 50% down - 3 year term @ 7% interest.

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Property Features and Assets:

Family business for sale for the first time in over 50 years, sellers ready to retire. Located in the Kent/Covington area it is a full line dealership offering Stihl and Honda power tool lines. Massive growth is coming to this region as the result of the surging Seattle housing market, regional growth, and multiple planned developments. This dealership will service these new developments, allowing for built-in growth for new owners benefit. Honda and Stihl repair and retail sales provide strong brand awareness, multiple income streams, and trusted partners. Majority of the revenue is generated from sales and 25% from repair work. Much of the business is repeat business from satisfied customers. This is an Elite Stihl dealership which gives it a free website and extra margin on most products. The Seller has done almost no advertising or promotion and the new owner can certainly capitalize on this by being more involved in social media and SEO. There is no competition for at least 15 miles; the closest competitor is in Auburn and Issaquah. The business is only open 5 days a week (Tues-Sat) 9AM - 5 PM - the new owner could increase revenues by staying open more days and longer hours. The business leases the land for $1,825 per month, but owns the building (2,000 square feet) and an enclosed fenced outbuilding and storage container. The buyer must qualify to take over the dealerships. This is a turnkey business ready for the next owner to take it to the next level. The Seller is offering terms with 50% down - 3 year term @ 7% interest.

Market Competition and Expansion:

There is no competition for at least 15 miles; the closest competitor is in Auburn and Issaquah. The business is only open 5 days a week (Tues-Sat) 9AM - 5 PM - the new owner could increase revenues by staying open more days and longer hours. The business leases the land for $1,825 per month, but owns the building (2,000 square feet) and an enclosed fenced outbuilding and storage container. - Marketing budget is ONLY $500/year - Expand hours, open on Sunday will drive revenues - Social Media presence and marketing

Reason for Selling:

Retiring

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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