Listing ID: 82733
Business Overview
Long established, family owned for over 50+ years, this outdoor power equipment dealer provides top brand sales, service, parts and accessories to contractors, landscapers, government agencies, tree services, and homeowners. From traditional lawn mowers and chainsaws to commercial zero turn mowers, it is one of the most respected outdoor power equipment retail sales and service shops in the Midlands of South Carolina. Currently serving the surrounding areas that would include Richland, Lexington, Chester, Kershaw, Fairfield and Newbery counties and beyond. It is well known for high quality sales and service with qualified technicians and personable staff.
Financial
- Asking Price: $875,000
- Cash Flow: $203,599
- Gross Revenue: $1,444,944
- EBITDA: N/A
- FF&E: $119,428
- Inventory: $60,000
- Inventory Included: Yes
- Established: 1969
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Negotiable
Retirement
Known for high quality sales and service with qualified technicians and personable staff.
Additional Info
The business was established in 1969, making the business 53 years old.
The transaction shall include inventory valued at $60,000, which is included in the suggested price.
The business has 2 employees and is situated in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell operating businesses. Nevertheless, the real factor vs the one they say to you may be 2 completely different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might just be reasons to try to hide the reality of changing demographics, increased competitors, recent reduction in profits, or a variety of various other reasons. This is why it is really important that you not depend entirely on a seller's word, but rather, make use of the seller's answer together with your overall due diligence. This will paint a much more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies borrow money so as to cover items such as supplies, payroll, accounts payable, and so on. Remember that sometimes this can imply that revenue margins are too tight. Many organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that have to be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in brand-new customers? Many times, operating businesses have repeat consumers, which form the core of their everyday earnings. Particular factors such as brand-new competition sprouting up around the location, roadway building and construction, as well as employee turn over can impact repeat clients as well as adversely influence future earnings. One vital point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the better the opportunity to build a returning customer base. A final idea is the general area demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? How might the neighborhood median household income influence future revenue prospects?
