Profitable Power Tools Sales and Repair Poised for Growth

Covington, WA (King County)

Seller Financing Available
Profitable Power Tools Sales and Repair Poised for Growth
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Asking Price: $350,000

Cash Flow: $141,377

Gross Revenue: $608,691

EBITDA: N/A

FF&E: $20,000

Inventory: $100,000

Rent: $2,000 /Month

Established: N/A

Profitable Power Tools Sales and Repair Poised for Growth

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Business Description

Family business for sale for the first time in over 50 years, sellers ready to retire. Located in the Kent/Covington area it is a full line dealership offering Stihl and Honda power tool lines. Massive growth is coming to this region as the result of the surging Seattle housing market, regional growth, and multiple planned developments. This dealership will service these new developments, allowing for built-in growth for new owners benefit.

Honda and Stihl repair and retail sales provide strong brand awareness, multiple income streams, and trusted partners. Majority of the revenue is generated from sales and 25% from repair work. Much of the business is repeat business from satisfied customers. This is an Elite Stihl dealership which gives it a free website and extra margin on most products. The Seller has done almost no advertising or promotion and the new owner can certainly capitalize on this by being more involved in social media and SEO.

There is no competition for at least 15 miles; the closest competitor is in Auburn and Issaquah. The business is only open 5 days a week (Tues-Sat) 9AM - 5 PM - the new owner could increase revenues by staying open more days and longer hours. The business leases the land for $1,825 per month, but owns the building (2,000 square feet) and an enclosed fenced outbuilding and storage container.

The buyer must qualify to take over the dealerships. This is a turnkey business ready for the next owner to take it to the next level. The Seller is offering terms with 50% down - 3 year term @ 7% interest.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Family business for sale for the first time in over 50 years, sellers ready to retire. Located in the Kent/Covington area it is a full line dealership offering Stihl and Honda power tool lines. Massive growth is coming to this region as the result of the surging Seattle housing market, regional growth, and multiple planned developments. This dealership will service these new developments, allowing for built-in growth for new owners benefit. Honda and Stihl repair and retail sales provide strong brand awareness, multiple income streams, and trusted partners. Majority of the revenue is generated from sales and 25% from repair work. Much of the business is repeat business from satisfied customers. This is an Elite Stihl dealership which gives it a free website and extra margin on most products. The Seller has done almost no advertising or promotion and the new owner can certainly capitalize on this by being more involved in social media and SEO. There is no competition for at least 15 miles; the closest competitor is in Auburn and Issaquah. The business is only open 5 days a week (Tues-Sat) 9AM - 5 PM - the new owner could increase revenues by staying open more days and longer hours. The business leases the land for $1,825 per month, but owns the building (2,000 square feet) and an enclosed fenced outbuilding and storage container. The buyer must qualify to take over the dealerships. This is a turnkey business ready for the next owner to take it to the next level. The Seller is offering terms with 50% down - 3 year term @ 7% interest.
Competition:
There is no competition for at least 15 miles; the closest competitor is in Auburn and Issaquah. The business is only open 5 days a week (Tues-Sat) 9AM - 5 PM - the new owner could increase revenues by staying open more days and longer hours. The business leases the land for $1,825 per month, but owns the building (2,000 square feet) and an enclosed fenced outbuilding and storage container.
Growth & Expansion:
- Marketing budget is ONLY $500/yr - Expand hours, open on Sunday will drive revenues - Social Media presence and marketing
Financing:
175000.00
Support & Training:
4 weeks
Reason for Selling:
retiring
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Kevin Moen

Business Listed By:
Kevin Moen

Transworld Business Advisors Renton

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