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- RE: Successful Tractor And Outdoor Power Equipment Com
- Contact: Steve Huntly
Quick Facts
| Asking Price: | $1,295,000 | |
| Annual Revenue: | $500,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $336,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1946 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 944890 | |
| Broker Reference #: | SH042523 |
Business Overview:
We are pleased to present an outstanding tractor and outdoor power equipment business that has served area residents for over 75 years. The seller has decided to retire and transition his successful operation to a new owner operator.
The company has several diverse revenue streams including new equipment sales, service, and parts. It offers an established and trusted OEM tractor line (under 100 hp) along with a well-known line of outdoor power equipment including lawn mowers, trimmers, chain saws and snow blowers. They also offer a popular line of quality off-road vehicles. Service is another important revenue stream as many area dealers of new equipment do not offer repair and warranty options. Spare parts are carried in
inventory for over 10 brands of equipment.
With a favorable SDE multiple of 3.3x, the business is attractively priced at $ 1,295,000. The seller envisions an asset sale in which he retains cash and A/R while retiring all liabilities. The buyer receives the goodwill of the business, all fixed assets and approximately $175,000 (cost basis) of inventory. For a qualified buyer the seller will carry a meaningful six-figure note.
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Property Features and Assets:
The business has been a model of consistent performance over the years with a significant increase in revenue and profits since 2019. Located in an attractive, organized and well-maintained building, it has great visibility on a busy highway near the “gateway to the north” on the eastern side of Michigan. The real estate is not included in the sales price but is available for lease or purchase if the buyer desires.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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