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Special Purpose Vehicle Sales & Leasing

Albany, NY (Albany County)

Special Purpose Vehicle Sales & Leasing
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Asking Price: $2,750,000

Cash Flow: $420,000

Gross Revenue: $4,850,000

EBITDA: N/A

FF&E: $295,000

Inventory: $2,220,000

Rent: $0.00

Established: N/A

Special Purpose Vehicle Sales & Leasing

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Business Description

Similar to an auto dealer, this company combines a series of profit centers including unit sales, rental, full service leasing, parts and service for popular lines of specialty low-speed, non-street and small utility vehicles. The company has grown in revenues and geographic coverage to capture 60% share of certain markets. Revenues in 2017 were approximately $4.85 million and profitable.

Units are used at golf courses, industrial and commercial settings, colleges and universities, campgrounds, parks, apartment complexes, sports facilities, individual homes and other venues. The company is headquartered at one location with a sales showroom, service area and warehousing.

The company is an authorized distributor and dealer for one of the top brands in the industry, along with other manufacturers, including an upscale brand offering, that help round out the company’s product offerings. Some of these additional lines offer more utility vehicle options for commercial and industrial applications, including cabs, heaters/AC and power take (PTO)/hydraulic attachments

Parts and accessories and service are available for all units sold. All service staff are factory-trained technicians. New vehicles have selling prices in the $5,000 to $10,000 range.

Detailed Information

Location:
Albany, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
10-15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
The company has captured 60% of certain markets.
Growth & Expansion:
Vehicles have historically been used at recreational venues with more recent emphasis on commercial and industrial markets. Revenues from those markets have steadily increased and now represents nearly 50% of total sales. More growth is expected from commercial and industrial facilities, colleges and universities, campgrounds, parks, apartment complexes, sports facilities and individual homes. Much of the company’s business is from long-term customers.
Reason for Selling:
Retirement
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Edward A. Granka

Business Listed By:
Edward A. Granka

Business Brokerage Group, Inc.

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