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Asking Price$1,900,000
Revenue | $5,018,125 |
Established | 2007 |
Cash Flow | $443,619 |
Employees | 2 full-time |
FF&E | $815,000* |
Franchise | No |
Inventory | $1,100,000* |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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Fully staffed used equipment dealer in northeast Nebraska allowing for absentee ownership if so desired. The business keeps an inventory of used equipment of over $1.1 million on in stock that currently includes a 2013 AG-CHEM 1100, 2013 John Deere 612C, 2013 John Deere 8260R, 2010 AG-CHEM Rogator 984, 2006 John Deere 9760 STS and more. Customers return to this business regularly for their equipment needs due to a trusted business reputation, financing options and equipment transportation upon purchase. Gross sales surpassed $5 Million for the last two years and owner cash flow is more than $440,000 for the same time frame. Complete turnkey operation with full inventory package and experienced sales staff in place with owner cash flow after debt service of $157,000.
Financial Overview List Price: $1,900,000 Gross Sales 2014: $5,018,125 2013: $5,465,241 Owner Profit/Cash Flow 2014: $443,619 2013: $442,247 Profit Margin: 8% Multiple: 3.1 *Multiples range from 1-5, with the average being 3 Valuation: [2014] Cash Flow x Multiple = Price $443,619 x 3.1 = $1,375,219 List Price: $1,900,000 cash flow valuation plus inventory value = $2,475,219
Assets Included in Purchase: $1,915,000 Equipment: $550,000 (3 Polaris ATV’s, flatbed trailers, power washers, spreaders, pay loaders and more) Vehicles: $165,000 (5 Chevy Pick Up Trucks) Build-out: $100,000 leasehold improvements Inventory: $1.1 Million (Sprayers, Floaters, Tractors, Combines, Headers, Planters, Tillage, Trailers) A/R: $228,000 *amounts may vary Business Information Year Established: 2007 Location and Service Area: Northeast Nebraska Lease: building available to lease back Reason for Selling: focus time on other business Employees: 2 Full Time Sales Hours: M – F 8 a.m. to 5:00 p.m. Sat 10 a.m. to 4 p.m. Seller Training Period: up to 3 years and will consider employment
Funding Example Purchase Price: $1,900,000 15% Buyer Down Payment: $285,000 10% Seller Financing: $190,000 Bank Loan: $325,000 Assigned LOC: $1,100,000 Net assets of the business valued at $490,000 more than the value of the bank loan needed in the above financing scenario
Facilities: | Lease: building available to lease back |
Training/Support: | up to 3 years and will consider employment |
Seller Financing: | 10% Seller Financing: $190,000 |
Sale Reason: | focus time on other business |
Ad #78535
Seller Reference #MAN016
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