Equipment Dealership (Power, Marine, and Motorsport)

WA

Seller Financing Available
Equipment Dealership (Power, Marine, and Motorsport)
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Asking Price: Get Financing: $1,850,000

Cash Flow: $365,000

Gross Revenue: $7,700,000

EBITDA: N/A

FF&E: N/A

Inventory: $1,000,000

Established: N/A

Equipment Dealership (Power, Marine, and Motorsport)

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Business Description

Limited Area Competition - Major Brands

This business is a multiple brand dealership in Western Washington offering new & pre-owned motorcycles, ATVs, utility vehicles, tractors, snowmobiles, jet skis, boats and outboard motors along with parts, accessories, apparel and superior service. The award winning business service department is recognized as a top dealer in the nation for service, warranty and parts.

Represented brands include Honda, Kawasaki, Yamaha, Suzuki, KTM & Polaris

The business is situated on a 2 ½ acre parcel on a high traffic arterial. The parcel supports a compound with five separate buildings comprising approximately 38,525 SF of improved space. The business pays $10,000 per month in rent on a gross lease. The Seller is prepared to offer a qualified buyer a long term lease at current market rates. The real estate and buildings are not a part of this sale offering, however, the Seller would consider offers on the property.

The two owners effectively serve as Co-General Managers with daily oversight responsibilities for the business. The business supports four salaried positions: Sales Manager - $5,100 p/mo. + commissions; Power Equipment Manager - $4,200 p/mo. + commissions; Advertising/Finance Manager - $4,550 p/mo. + commissions; and a Salesman - $2,300 p/mo. + commissions. In addition, the business also supports nineteen other full & part time hourly employees in service, repair, and administration with compensation ranging between $13-$22 p/hr. The Seller expects most salaried and all hourly employees to stay-on with the business post- sale in an effort to maintain continuity and insure a smooth transition for new ownership.

Bill Southwell is the lead broker for this business at IBA. He can be contacted directly at (425) 454-3052 or bill@ibainc.com.

Detailed Information

Inventory:
Included in asking price
Financing:
The seller will finance 50% of the transaction for a qualified buyer
Support & Training:
The seller will provide an appropriate amount of transition training/consulting to smoothly transfer ownership of the business.
Reason for Selling:
Retirement
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Gregory Kovsky

Business Listed By:
Gregory Kovsky

IBA

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