With 68 years in business, this turnkey business has been thriving for decades. The sellers are ready to retire, and this is your opportunity to grab the reins and take the business to the next level!
The company sells new and used equipment, and services any make of equipment, even if they don’t sell it. Sales and service both fill out the balance sheet nicely.
There are very well-known brand names that you would recognize. New equipment includes both agricultural and construction tractors, snowblowers, riding and zero-turn mowers, bush hogs, wheel rakes, balers, aerators, mulchers, rototillers, seed spreaders and even whole-house stand-by generators.
Used equipment includes agricultural tractors, construction tractors, excavators, construction loaders and backhoes.
The company is located on a busy road, just outside a larger city and has a lot of road-front exposure. The sellers will consider financing the real estate.
Financials
Asking Price: $2,313,000
Gross Revenue: $6,611,405 (2023)
Cash Flow: $925,351
FF&E: $178,000 +/- (included in the sale price)
Inventory: $1,600,000+/- (not included in the sale price), plus $1.6M in floor plan inventory.
Real Estate: $1,200,000 (might be available, incidental to the sale of the business, not included in the sale price, but is also available for lease. Subject to commercial appraisal.)
Year Established: 1956
Employees: 15 FT, 2 PT (including seller)
Payroll: $ 61,300 / month
Opportunities for growth: Consider adding other small-engine product lines like power sports.
Note: Financials are seller-provided and not audited by Inbar Group, Inc.
