Power Tool Retail and Repair for Contractors! (17615)

Financial & Assets Details

About the Business

Business Description

Off the East Coast of Florida, this major brand retailer/wholesaler provides a wide range of power tools, fasteners, supplies, hardware and special order products and parts. While construction contractors are their primary customers, they do have walk-in customers as well. Monopolizing a twenty mile radius, they sell and repair electric, pneumatic nailers, compressors, demolition hammers, drill bits, and a complete line of circular blades. Because of their superior reputation, both Milwaukee & Makita tools have awarded them major distributorships and service center rights. Attaining up to 40K in traffic visibility, the prime location of 3,400 square feet features a parking lot of sixteen spaces, of which four are leased, allowing additional income. With a present 2,000 ft showroom there’s room for expansion and new lines of tools. There’s an option to lease or purchase the existing property separately. Streamlined and operated by a skilled personnel of four, including two master mechanics with field experience, the owner agrees to remain for a standard transition as needed under current managerial role. Growth opportunities exist by expanding their newspaper advertising and diversifying in-store products. Significant referrals from Home Depot and Lowes boost repeat customers which fortifies their preferred word-of-mouth system. Its well-established command over niche markets of its geographic area and long customer relationships, proven by high ratings of quality and reputation, make the company's sixty year history vastly profitable for an ambitious buyer. Already projecting to outpace previous gross sales in 2020, total revenues for 2019 reached amounts of $419,937, along with Seller Discretionary Earnings of $74,394 (a significant increase over last year.) Based on an independent evaluation. Sale of property comes with a 2018 Ford F-150 pick up Truck valued at $35,000.

Seller Financing

Financing is negotiable for the right buyer.

Location Details:

Absentee Owner Business comes with Optional Purchase of Property valued at $475K separate from Purchase Price.

Support & Training

Owner agrees to remain on board in consultative or managerial roles as needed.

Reason for Selling:

Approaching retirement and/or pursuing other interests.