Retail - Blding Mat., Hardware, Garden | Mfg. - Industrial & Comm. Machinery

$Seller Financing Available

Asking Price	$900,000	Inventory	$600,000*
Gross Income	$2,145,294	Real Estate	$800,000**
Cash Flow	$182,648	Year Established	1948
FF&E	$80,000*	Employees	7 f.t.

* included in the asking price

** not included in the asking price

Seller Needs to Sell Great busienss... You Need to Buy!

With revenue over $2MM, inventory greater than $600K and Seller's discretionary earnings of $180K/yr., this business has supported a great lifestyle for the owner and his family for many years and can be expected to do better for new owner in future. Great opportunity to own a 61 yr old New Holland farm equipment dealership that has become an institution in the community, it continues to grow and has room for expansion. Business is located in Somerset County, PA a farm community that has missed the recession. It is positioned close to rural counties in bordering States of MD and WV. There is very little competition within 80 mile radius. In addition to the sale of new and used tractors and farm equipment, this business has a much respected and well equipped repair department and a fully stocked Wallace Hardware Store. Farm equipment sales remain the majority of the revenue. Repairs and hardware sales help to balance the cash flow. At the age of 71, the owner is reluctantly selling due to family health issues, he is willing to share his plans for growth that include the expansion of the buildings and development of a garden center to meet the demands of the local market. It is important to the seller that the new owner continues to grow the business and provide the service his loyal customers have grown to expect. In the interest of finding the buyer most likely to succeed, the seller is willing to lease the entire property with an option to buy within 5 years at a very reasonable price of $800,000. ($400,000 below certified property appraisal) This is a very unique situation in which seller has decided that it's time to retire now! He has listed the business for sale with Sunbelt Business Advisors and has allowed the business to be advertised with name and location. If interested please respect the seller s time and wishes by contacting the listing Sunbelt broker: John Lichter to receive additional informtion and schedule a meeting with the seller.

Facilities: 2 buildings locatred on 2.6 acres with two well designed buidings that total 15,600 s.f of retail, office, repair shop and storage space. Lots of frontage and parkeing on popular highway with easy access.

Competition: The New Holland Name is recognized and respected for an innovative and diverse product line, including a full line of tractors,as well as hay and forage, harvesting, crop production and material handling. Closest competing dealer is more than 30 miles away. Very little competition form other brnds in area.

Growth/Expansion: Seller will share plans for expansion of the facility to include a garden center to meet hte needs of the local market.

Seller Financing Available: Yes

Financing: Seller will help finance right buyer with option to buy Real Estate.

Support/Training: Key employee willing to stay with new owner. Owner of 36 years will remain avialable for transition to introduce new owner to valued customers.

Reason Selling: Seller is 71 yrs old. Health problems in family requires him to be at home.