Retail Lawn Equipment Sales & Service - Florida

FL

Retail Lawn Equipment Sales & Service - Florida

Asking Price:$1,290,000

Cash Flow:$276,656

Gross Revenue:$1,846,029

EBITDA:N/A

FF&E:$73,312

Inventory:$500,000

Rate/Sq. Ft.:$7.00

Established:1974

Retail Lawn Equipment Sales & Service - Florida

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Business Description

FL Retail Lawn Mowers & Equipment sales & Service

SBA Lender Pre-Qualified. This is a very long-established, well known and still growing business engaged in the sales, service and repair of a full line of the major brands of lawn, garden and related equipment. It is a major parts supplier of that equipment. The business has a large and impressive showroom that contains a significant inventory of mowers, rider/zero-turn mowers, trimmers, edgers and other related products. It is also one of the largest, if not the largest, mower and related equipment parts supplier in its Florida market area. It operates from a leased custom built-out facility located on a major in-town highway. Inventory, FF & E and assumption of Floor Plan Loans are included as part of the sale. SBA lender's terms: 25% down ($322,500), balance of $967,500 at 6.25% for 10 years. Those terms will yield a Return on Equity (the down payment) of 20.6%. A detailed Confidential Business Profile is available for qualified buyers.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
6,825
Lease Expiration:
N/A
Employees:
4 to 8 seasonal
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Custom built-out 6,825 sq. ft. leased facility. Current market rate is approximately $4,000 per month. Has a large showroom, shop for making repairs, warehouse area for storage and an office. A new lease will be required.
Competition:
This is the largest lawn and garden equipment sales, repair and parts service in the area and a dealer in multiple, well known brands of mowers and equipment. There are several smaller ones and one medium one but none approach the size and scope of this business.
Growth & Expansion:
The most direct action would be to stay open 7 days per week (is now open 5 1/2 days per week). Another approach would be to enhance the web site to provide customers the capability to purchase parts and equipment on line.
Support & Training:
Seller will provide two (2) weeks of training and turnover assistance at no cost. Seller willing to stay as needed to ensure a smooth transition for a salary TBD.
Reason for Selling:
Retirement

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Bill Bradow

Business Listed By:
Bill Bradow

Florida Business Exchange, Inc.

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Sponsoring Broker:
A. Bert Risdon, B.C.I.

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