Country Business Services - Resort Motel in Lake Placid NY For Sale

POWER SPORTS VEHICLE SALES

Motorcycles, ATV’s, Watercraft & Snowmobiles

Upstate New York State –Lake Champlain region

Offering Price: $ 560,000 including inventory Cash Flow: $ 165,00

THE BUSINESS: This 11 year established retailer of powers sports vehicles and related gear sells a balanced product line of recreational and fun power sports vehicles, year around, with famous world renowned brands. It offers “one stop shopping” via a full service operation to a variety of customers who enjoy speed, flexibility and kinetic pleasures. The total staff of six offers new and used units, parts, motorcycle accessories and apparel. The store and shop are high visibility and located in a growing, diverse lifestyle blessed small city near Lake Champlain and the recreational pleasures of NY’s Adirondack Park.

FACILITIES and EQUIPMENT The showroom/shop building is in a leased 9,400 square feet facility that is in excellent repair. Its high visibility front space has 60’ glassed windows facing the traffic, another 60’ showroom for over 60 new and used vehicles, four offices and a two-bay repair center with large adjacent parts room. The paved one-acre site has 165 feet of frontage. There is a vendor “floor plan” program for the average of 100 new units that are on display.

WHY BUY?

Sells “fun” outdoor vehicles to friendly, active customers
Well-established retailer with straightforward, readily learned techniques of selling and maintenance of powersports vehicles,
Product line with strong quality brands, variety of vehicles for all four seasons and superior product reputation.
High visibility leased showroom in good condition and in a good location.
Key staff in place, with ample labor availability at good costs in the area
Opportunity for growth through more up to date business and sales practices and product extension.
Highly profitable with stable sales- above average (20 %+) return on sales.
Above-par ROA (20 %) and ROE (70 %) generates superior cash flow coverage, assuming owner equity of $ 115, Quality lifestyle in congenial lakeside area is great place to live, raise a family, with nearby educational, vacation and recreational venues.

OPPORTUNITY: Sellers created this successful retailer a decade ago, and has maintained his business on the strength of a balanced year-around product line, completive price and excellent service. With another retailer of complimentary brands, he shares an active market of active and prosperous customers. There is a competitive floor plan, quality vendors, and a reputation for standing behind its products and service. A new owner with imagination can expand the business, make it more economical, and yet not have to change the basics of a well equipped and profitable activity in a great place to live. The buyer should have enthusiasm and a flare for selling products, a zest for marketing, and a desire to leave the buyer smiling.

FINANCIAL: Sales in 2009 of just under $ 2,000,000 are forecast which should produce an EBITDO for the owner of above $ 150,000. More normal selling is anticipated in 2010 at level of $ 2,200,000 or thereabouts, and should produce $ 165,000 for the new owner. Assets include a lease on a first class commercial building, equipment worth over $ 65,000 and a current inventory of used equipment, apparel and parts at $ 170,000. A floor plan” program from the manufacturers is economical and flexible. Moderate receivables ($ 40k) and current payables ($15-20) mean low working capital needs coupled with strong profitability that offers 20% ROTA and over 70% ROE.

SUMMARY TERMS AND PRICE: This profitable power sports vehicle retailer is priced at $ 560, 000, (which includes inventory priced at closing of approximately $ 170,000) and a transferable floor plan. Offering includes an attractive lease. Bank money is likely available for a qualified buyer with $115,000 to invest and some relevant experience. Seller will consider some financial participation and will assist an orderly transition.