Long Established Tool & Equipment Supply Co.

Not Disclosed, ID

Asking Price: Annual Revenue:
$1,200,000 $2,899,095

Retail: Hardware, Bldg. Materials, Garden Center

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RE: Long Established Tool & Equipment Supply Co. Broker: Sheila Spangler
Owner Financing is Available!
$156,000 down/ $525,000 for 120 months @ 7.00%

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $2,899,095
Net Profit: Not Disclosed
Cash Flow: $292,155
Total Debt: Not Disclosed
FF&E: $180,000
Real Estate: Not Disclosed
Year Established: 1982
Employees: 12
BBN Listing #: 82714955
Broker Reference #: 8302-15087

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Business Overview:

The company is an authorized distributor and repair service center for most major tool and equipment brands. The company carries over 750 brands and can sell products anywhere in the U.S. Also, the company does warranty repair work and gets referrals from local big box home improvement retailers. It is possible to do warranty work for customers located anywhere in the U.S.

This well-established tool and equipment retail distributor with well-trained staff and strong systems, may be exactly the right opportunity for an experienced manager with at least 20% of the purchase price in cash (or in your IRA or 401k) for a down payment.

Note: There is no need to withdraw any funds from your IRA or 401k to purchase a business. There are special financing programs available that allow your use of retirement funds without taking a taxable distribution. Please contact the Business Intermediary listed in this document for a personal introduction to these resources.

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Property Features and Assets:

The business is located in buildings owned by by the seller. The property has three commercial buildings on two parcels covering approximately 2.45 acres. The retail store/business office is housed in a approximately 5,000 square feet building. Additionally, there are two separate warehouses and each are approximately 4,000 square feet. Total building square footage is 13,000. A new owner may not need all the space. The real estate is also available for sale. Contact broker for details. Assets=$1,330,258

Market Competition and Expansion:

The company caters to all trades-people and anyone having a need for a specific tool or equipment. The typical customer profile includes local construction contractors, tire stores, home builders, farmers, fabrication shops, machine shops, truck and auto repair companies, vocational schools, electrical contractors, plumbers, cabinet manufacturers, body shop owners, painting contractors, motorcycle repair shops, utility companies, airplane mechanics, wrecking yards, hobbyists and individuals that need a specific tool or equipment for a particular job. The company has a long history of positive customer service, industry/tool knowledge with its experienced staff and the reputation of having inventory available when the customer needs it. With new ownership and the implementation of an enhanced marketing strategy and tactics, including website upgrade, hiring an outside sales person, opening on Saturdays and with extended hours during the week, the business can continue to grow and serve the needs of local tradesman, business owners and individuals who need just the right tool for the job.

Reason for Selling:

The owner is ready to retire.

Additional Details:

  • The property is owned.
  • The owner is not 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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