40 yr old established franchise for sale

Greene County, NY

Seller Financing Available
40 yr old established franchise for sale
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Asking Price: Get Financing: $2,900,000

Cash Flow: $551,975

Gross Revenue: $3,000,000

EBITDA: $602,854

FF&E: $245,000

Inventory: $1,200,000

Real Estate: $1,000,000

Established: 1975

40 yr old established franchise for sale

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Business Description

The company, a family owned outdoor power and farm equipment dealership founded in 1975, is located in the Capital Region of New York State. The sole physical location includes an 8,500 sf. Morton Building constructed in 1992 that houses the 4,000 sf. Showroom/parts area and a 4,500 sf. multi-bay service area staffed by 5 full time mechanics with an average tenure of 10 years. Currently, there are 3 full time management personnel (including the owners), 1 full time Parts Clerk and 1 full time grounds/maintenance Custodian. The balance of the operation is handled by 3 part time employees. The firm has a protected territory for its pre-eminent power equipment brand and has established itself over 40 years of operation as a customer service centric provider of quality power equipment that stocks a parts inventory not duplicated in the Tri-State area. In addition to power equipment sales and service, the company makes hydraulic hoses on site, offers a full machine shop and has a Certified Master Mechanic on staff. These factors have contributed to the firm’s strong history of profitable performance and organic growth. The current owners are nearing retirement and would like to pursue other interests.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
13,000
Employees:
7 FT, 2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two Morton Buildings - 8,500 sf multi-bay service building / show room plus 4,500 sf warehouse and various other outbuildings. Owner house included with real estate but, separate from the asking price. Turn key operation.
Competition:
Protected territory with a pre-eminent national flagship brand. Good proximity to the Capital District of NYS.
Growth & Expansion:
No outside sales staff. Expand into equipment rentals.
Financing:
negotiable
Support & Training:
Owner willing to stay on for up to 12 months pending suitable employment contract. Possible potential for outside sales responsibilities in the future.
Reason for Selling:
retirement
Franchise:
This business is an established franchise
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Cliff Olin

Business Listed By:
Cliff Olin, MBA, Series 79 Licensed

Olin Capital Advisors, Inc.

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