Lawn And Garden Equipment Sales/Service With Real Estate Available

Business Overview:

Landmark commercial and homeowner lawn equipment sales and repair business with reputation for quality and service since 1989, is on the market and is approved for SBA financing. The Company sells and services top quality professional grade mowers and handheld equipment including Sthil, Toro and Echo. Additional products include generators. climbing gear, gardening tools and supplies. Products are displayed in a well-organized showroom. The business operates Monday through Saturday. Most of the equipment the company sells and services is gas powered but due to California wanting to go “green” the Company has started to sell and service battery powered equipment. The major equipment manufacturing companies still sell gas powered equipment but have begun producing battery operated equipment.The business is located on a major industrial boulevard with great visibility and plenty of parking in one of the fastest growing Cities in Riverside County. They serve residential and commercial landscape contractors and homeowners in Riverside and San Diego Counties. They average over 100 invoices a day including 20 repairs a day and recently raised their service repair rates. The average repair ticket is $120. The owner actively manages the business each day with the help of the Store Manager who schedules the staff and does some product ordering. All current employees are expected to stay when the business sells but, of course, the owner, to maintain confidentiality has not asked them.

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Property Features and Assets:

The facility consists of a 2,517-sf building on 22,215-sf /.51-acre of land. The seller also owns the real estate and is open to a sale at the fair-market-value of $750,000 (preferred) or a long-term lease starting at $4,000 per month. The seller owns the real estate of the adjoining 30,056-sf/.69-acre empty lot and is open to a lease or sale of that real estate also. This lot could be a good investment as the area is in a growth mode on a main boulevard of an active industrial area. Seller would accept a lower price for buyers who purchase both the business and real estate.

Market Competition and Expansion:

Upside Potential includes adding irrigation products, working with a financial source to provide funding for buyers and utilizing the adjacent 30,056-sf /.69-acre lot that is owned by the seller to provide heavy equipment rentals and repairs of forklifts, tractors, trailers, and other construction equipment.

Reason for Selling:

Retirement

Additional Details:

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