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SE Michigan

  • Listing Number: 217-21074

  • Category: Retail

Asking Price $649,000
Down Payment
Gross Revenue $1,468,855
Total Adjusted Net Income $51,665
Equipment / Fixtures $116,273
Year Established 1946
General Location SE Michigan
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Incredible opportunity to own the business and real estate - a farm and lawn tractor and equipment dealership in a 9000 sf building on 3 acres in SE Michigan. Partners are retiring and selling the business and real estate together. The business serves schools, municipalities, farms, residences and businesses in SE Michigan and Northern Ohio. Large farms are declining in favor of smaller lot lifestyle farms and residences, opening the market for higher volume smaller equipment with potential for the right operator to expand into ATV, UTV, recreational power sports, and snow removal equipment. A new owner has flexible options for expansion or diversification on the property as there is plenty of space left to utilize the land. Seller is active in the business with 4 FT employees and 1 PT employee. Hours of operation are 8 AM to 5 PM, Monday - Friday. $175,000 in Inventory and $116,273 in FF&E included in Asking Price.

Owners may entertain on offer for just the building and land under certain conditions. Asking price for the building and land is $450,000. An appraisal from 2018 supports this price. This is a 9,000 sf location consisting of 5000 sf office and showroom, a 4000 sf shop with 20’ ceilings, 16’ overhead door (1000 sf is mezzanine with office and storage) on 3.05 acres of land in an L-shape with 200' of frontage on a very busy road and another 200' of frontage on another road. The property is fully enclosed by a fence and is 35 minutes from Detroit Airport.

The pros for expansion are to better serve the market with products in demand, more fully utilize existing land, optimize profit at a revenue sweet spot, more fully capitalize on high traffic location. The cons for expansion include an increase in working capital required, need for more employees and cross-training. Strategic • Optimize the product mix including ATVs, UTVs, power sports, snow removal • Optimize customer base including lifestyle farmers, home-owners, schools, municipalities, hospitals • Develop target programs for strategic businesses such as landscapers and property management companies • Line up capital and inventory to prepare for pent-up demand from the current supply shortage • Offer incentives for advanced orders now to be filled once supply returns • Offer annual or seasonal service plans and and equipment tune-ups • Cross-train part-time support staff and expand business hours Marketing • Implement a dealer management software to drive engagement with long-standing customers and new customers • Implement an online strategy: social media, updated website, promotions, reputation management and reviews • Develop promotion strategies centered on community outreach • Consider updated signage for this high traffic location

Gross Revenue $1,468,855 Listed Price $649,000
Total Income $51,665 Down Payment
Base Rent Square Feet 9000
Total Rent Lease Expiration
Rent Deposit Lease Options
Inventory $175,000 Leasehold Improvements $9,414
Equipment / Fixtures $116,273 Other Assets See balance sheet.
Full-Time Employees 4 Training Period 4 Weeks
Part-Time Employees 1 Special License Required
Contract Staff Reason for Selling Retirement of 2 partners and office manager

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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