Power Equipment Dealership/ Repair Business – Very Profitable
Covington, Washington
| Asking Price: |
Gross: |
Cash Flow: |
| $250,000 |
$631,310 |
$163,275 |
Furniture and Fixtures Value:
$60,000 (included in the asking price)
Inventory Value:
$1,254,000 ( not included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
This iconic dealership has been a family business since 1962. This is the first time it has been offered for sale. Located in the Kent/Covington area it is a full line dealership offering Stihl and Honda power tool lines. About 70% of the revenue is generated from sales and 30% from repair work (fixing and servicing lawn mowers). A majority 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 definitely 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 Seller is willing to sell the building for an additional $50K. The buyer must qualify to take over the dealerships. This is a totally 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 @ 6% interest. The Seller is retiring and has priced this business to sell ASAP.
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| Year
Business was Established: 1962 |
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| Number of Employees:
2 FT / 1 PT |
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| Facilities / Terms of Lease:
The business is located in a rural area of Covington / Kent – the perfect location for power tool sales and repairs. 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 Seller is willing to sell the building for an additional $50K. |
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| Potential
Growth/Expansion:
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. The current website is very minimal and with a better website the business could attract more new clients. The business is only open 5 days a week (Tues-Sat) 9AM – 5 PM - the new owner could definitely increase revenues by staying open more days and longer hours. The new owner could promote the lawn mower repair and servicing side of the business more – since t here are very few places left that offer this service – this could increase the revenues dramatically. |
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| Competition:
This iconic dealership has been a family business since 1962. There is no competition for at least 15 miles; the closest competitor is in Auburn and Issaquah. |
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| Owner
willing to finance:
Cash or Seller terms with 50% down – 3 year term – 6% interest |
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willing to train:
T he Seller will provide 4 weeks of onsite training on the day to day business. |
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| Reason for selling:
The Seller is retiring |
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| REQUEST MORE INFO |
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