Business For Sale

Powersports Dealer

Not Disclosed, IA


Asking Price: Annual Revenue:
$495,000 $1,787,699

Automotive & Boats: Dealerships - Auto, Truck, Motorcycle


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RE: Powersports Dealer Broker: Mike Schoville
License #: IA Real Estate Commission

Quick Facts

Asking Price: $495,000
Annual Revenue: $1,787,699
Net Profit: $18,219
Cash Flow: $55,860
Total Debt: Not Disclosed
FF&E: $375,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 6
BBN Listing #: 164953881
Broker Reference #: 8606RH

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Business Overview:

Established dealer of multiple strong brand name motor cycles, utility vehicles, commercial and residential mowers, trailers and accessories.

This business is known for sales and service covering a 50 mile radius. The full trained staff is expected to stay on to work with the new owner and the seller will assist with a smooth transition.

This business is located in one of Iowa’s well recognized and economically growing small towns in north east Iowa.

Note: sale price includes all assets owned by the company. New floor planned inventory is not included in the $495,000 asking price.

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Property Features and Assets:

The inventory is broken down to whole good that are owned by the Seller, whole goods that are floor planned through the manufacturer, and the parts inventory. The parts inventory is included in the sale price of the business. The whole goods owned by the Seller, which will include some new and all used, is included in the sale price of the business. A new owner would need to meet all the financial requirements of the Seller and the other manufacturers represented by the business. At the time of the sale the whole goods inventory that is floor planned would be transferred to the new buyer. Because the inventory value changes daily, at the time of Closing an inventory would be taken and the actual sale price might need to be adjusted up or down to the true value of inventory on hand.

Market Competition and Expansion:

Market Opportunities • Add an additional sales person to reach more potential buyers • Add jet skis and snowmobile whole goods and accessories. • Expand the showroom to offer more accessories and clothing.

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 a franchise resale opportunity.

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