Listing ID: 76236
This is the sales and service business you have been waiting for. This is not a good business, this is a GREAT business that has way more business than they can handle and unfortunately, they are turning business away. 2020 bounced back nicely after they reopened from the COVID closure.
* Referral business – Over 50 years in business at the same location with a reputation for honesty and reliability
* A+ Rated with the BBB with Zero Complaints
* Literally thousands of active and diverse customers in the company database – no customer concentration issues
* Service the entire Jefferson County Colorado
* Services any brand of walk-behind mowers
* Sales dealer for high-quality brands
This well-established business not only provides quality lawnmower repairs but also sales and service of outdoor power equipment, which includes new and used lawnmowers, snowblowers, trimmers, leaf blowers, and riders.
The company services literally any brand of a walk-behind lawnmower, and they are a sales dealer for high-quality brands that the big box stores cannot sell.
They service all of Jefferson County and surrounding cities. Customers are primarily residential walk behind mower oriented but ride-on and commercial equipment is also sold and serviced.
Please understand we represent our Seller and all potential Buyers are required to complete a Non-Disclosure Agreement (NDA) and Buyer Profile.
- Asking Price: $2,075,000
- Cash Flow: $301,952
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $30,000
- Inventory: $25,000
- Inventory Included: Yes
- Established: 1970
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
A large building with a nice showroom with fenced outside storage and ample parking spaces.
The Buyer will be given proper training and an orderly turnover to help ensure a smooth transition.
There is literally very little competition on the service end. Other competitors in the area have decided not to service power equipment. On the whole goods side, all the mass merchants/big-box retailers such as Home Depot and Lowes... but they do not have the product knowledge or high-end manufacturers makes and models. For instance, they can explain features better to a customer than a non-existent Home Depot employee.
There's always an opportunity for growth. A new buyer could expand the hours, add mechanics, create double shifts, stock new, and more products/parts, hire more sales and service staff, help customers transition from fossil fuel to electric technology, market to the untapped commercial user, online parts sales, and mobile repair.
The business was established in 1970, making the business 52 years old.
The deal shall include inventory valued at $25,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell companies. However, the real factor and the one they say to you may be 2 entirely different things. For instance, they may state "I have too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competitors, recent reduction in incomes, or an array of various other factors. This is why it is really crucial that you not rely totally on a seller's word, but rather, use the seller's solution combined with your total due diligence. This will paint a more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering points like stock, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that revenue margins are too small. Many businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new customers? Often times, businesses have repeat consumers, which create the core of their day-to-day profits. Specific variables such as new competition sprouting up around the area, roadway construction, as well as employee turn over can influence repeat clients as well as adversely affect future earnings. One crucial thing to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the greater the opportunity to develop a returning client base. A final idea is the general area demographics. Is the business located in a largely populated city, or is it situated on the edge of town? How might the regional mean house income influence future revenue prospects?