Local Business/Real Estate For Sale - Cedar Rapids IA

Cedar Rapids, IA (Linn County)

Local Business/Real Estate For Sale - Cedar Rapids IA
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Asking Price: $1,180,000

Cash Flow: $85,000

Gross Revenue: $1,400,000

EBITDA: N/A

FF&E: $100,000

Inventory: $200,000

Real Estate: $750,000

Established: 2004

Local Business/Real Estate For Sale - Cedar Rapids IA

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Business Description

Profitable & Growing Business For Sale

Profitable and growing outdoor power equipment and parts and service company. Sales have grown from $900,000 to over $1,400,000 in the past few years. The business started in 2004 and has grown steadily since then and is positioned for future growth with a great location and beautiful growing community. The business has an active dealership agreement and has non-exclusive dealership agreements with STIHL, Toro, Briggs & Stratton, & Generac.

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Detailed Information

Location:
Cedar Rapids, IA
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
9,121
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This versatile property consists of over 9,000 square feet with three units spread over two floors. The large showroom, display window, layout, with the combined convenient location; render this, or any, business successful tenure. One [residential/office] unit is currently vacant but has the potential for additional income/owner occupancy. Located in a prime [development] area, this property has Value-Add opportunity for multiple uses.
Competition:
Linn County has one of the healthiest economies in the country. This is a product of lowa's unemployment rate (currently 4.2%), affordable housing, and strong job growth. Recent job growth is 1.4% (vs. national job growth at 1.18%) and future job growth over the next 10 years is predicted at 38.6% (vs. national job growth at 36.10%). Located within the county, Cedar Rapids is the second-largest city in Iowa.
Growth & Expansion:
Outdoor power equipment is a growing industry due to more and more customers preferring larger mowers and snow blowers and service to maintain them. This successful business has grown steadily since its origination and there are no signs for this trajectory to change.
Support & Training:
Will train for 4 weeks at no cost (additional time available with management wages). Management handles the normal functions of a retailer/parts/service business including managing inventory and service calls. Seller/manager works approximately 30 hours/week on this business. A full-time owner/manager could improve upon efficiencies.
Reason for Selling:
Owner of the business wants to retire
Franchise:
This business is an established franchise
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Business Listed By:
Aric Engel

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