Description of the business for sale
THE BUSINESS For approximately 25 years, our client company has built an excellent reputation on providing quality recreational vehicles and power equipment, competitive prices and superior customer support. The company offers a diversified product line of equipment and accessories for each of the four seasons. Indeed, our client company has dealer relationships with some of the biggest name manufacturers in the industry. The company has won recognition and awards from its manufacturers for outstanding operations, sales and customer service. Historically, parts and services composed approximately 20% of the company s total revenue. With a recently expanded state of the art service center, the higher margin service and parts sales are expected to account for well over 25% of the company s sales, pushing up the company s average gross margin and increasing bottom line profits. The company has ten employees excluding the owners. The owners are actively involved in the business in the capacity of general management. One of the strengths of the business is the organizational and management system in place. The company employs a service manager, parts manager and an in-house controller. Additionally, the company s recently installed state of the art point of sale system produces custom operational results reports for management.
ADDITIONAL FINANCIAL INFORMATION
•Inventory: $400,000
•FF&E: $170,000
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Description of the facilities
THE LOCATION / FACILITIES The business is located in a leased location on a very busy major arterial in the city. Over nine years remain on the current lease with very reasonable lease terms. The total building size is 10,000 sq. ft. including approximately 5,800 sq. ft. for a retail show room and 3,200 sq. ft. for parts and service. The location includes a secure yard for outside storage and plenty of display area in front of the building visible to the high volume of drive by traffic. The total property size is approximately 1.75 acres
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