Successful Lawn Mower & Hand Held Equipment Dealer - Lender Pre-Qual.

FL

Seller Financing Available
Business is poised for growth
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Asking Price: $550,000

Cash Flow: $237,528

Gross Revenue: $1,500,000

EBITDA: N/A

FF&E: $50,000

Inventory: $100,000

Rent: $2,400 /Month

Established: 1998

Successful Lawn Mower & Hand Held Equipment Dealer - Lender Pre-Qual.

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Business Description

New Product Line Recently Added

This very successful lawn equipment service and sales business has been operating for 20 plus years. It provides and services the very finest brand mowers and hand held equipment in the industry. Customer are almost exclusively comprised of commercial customers, which provides a great opportunity for a new owner to pursue homeowners. The Seller doesn't advertise and relies upon a very loyal repeat customer base and referrals – another growth opportunity for a buyer. Buyer must qualify to assume floor plan inventory that typically runs between $150,000 and $200,000. Business includes approximately $100,000 of inventory. Seller just introduced a very successful product line, and also invested in a new computer system, which has contributed to a boom in sales.

Business is SBA Lender Pre-Qualified with the following approximate terms: $88,300 down (16%) / $480,000 SBA Loan / 8% / 10 years - annual debt service = +/- $70,000.
In addition, the Owner will consider Seller Financing for well qualified Buyers with the following approximate terms: $400,000 down / 6.5% / 5-year term – annual debt service = +/- $35,220. Seller note will include a balloon payment due for the remainder of the note balance at the end of the third year.

Don’t miss out on this outstanding opportunity. Interested in learning more? For a complete presentation please contact Tim Bellon at 813-260-3127.

Important Notice: This is an operating business being offered for sale confidentially. Interested parties must complete and return a Non-Disclosure Agreement, and a Buyer’s Profile. Once pre-screened with those documents, prospective buyers will be provided more detailed information pertaining to the business.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,500
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is located in an approximately 4,500 square foot facility that has multiple parking spots, and more than adequate access to allow vehicles with trailers to pull through, without having to back up. The Seller owns the facility, as well as the entire complex, and desires to receive $2,800 a month under a NNN lease.
Support & Training:
Two weeks at no cost. Seller would be willing to stay on for a longer period of time.
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Tim Bellon

Business Listed By:
Tim Bellon

VR Business Sales of South Tampa

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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