The company is an authorized distributor and repair service center for most major tool and equipment brands. The company carries over 750 brands and can sell products anywhere in the U.S. Also, the company does warranty repair work and gets referrals from local big box home improvement retailers. It is possible to do warranty work for customers located anywhere in the U.S.
This well-established tool and equipment retail distributor with well-trained staff and strong systems, may be exactly the right opportunity for an experienced manager with at least 20% of the purchase price in cash (or in your IRA or 401k) for a down payment.
Note: There is no need to withdraw any funds from your IRA or 401k to purchase a business. There are special financing programs available that allow your use of retirement funds without taking a taxable distribution. Please contact the Business Intermediary listed in this document for a personal introduction to these resources.
The business is located in buildings owned by by the seller. The property has three commercial buildings on two parcels covering approximately 2.45 acres. The retail store/business office is housed in a approximately 5,000 square feet building. Additionally, there are two separate warehouses and each are approximately 4,000 square feet. Total building square footage is 13,000. A new owner may not need all the space. The real estate is also available for sale. Contact broker for details.
The company has a long history of positive customer service, industry/tool knowledge with its experienced staff and the reputation of having inventory available when the customer needs it. With new ownership and the implementation of an enhanced marketing strategy and tactics, including website upgrade, hiring an outside sales person, opening on Saturdays and with extended hours during the week, the business can continue to grow and serve the needs of local tradesman, business owners and individuals who need just the right tool for the job.
"Buying power” is the company’s strength in this market. The company is able to purchase products at a lower cost than most of its local competitors. This provides a significant barrier to entry for others. Also, the company is an authorized warranty service center for major brands like Hitachi, Milwaukee, DeWalt, SKTools, Proto Tools, Channellock, Vise Grip, Powermatic, Jet, Metaboe, Makita, and all other major brands. The company carries the largest selection of USA and German-made tools in the state. Customers visit the store and many times decide to “trade in” their old/non-working tool or equipment and purchase new from the company. The company has a long-standing positive reputation in the market as the “go-to” place for hard to find tools and equipment.
The owner is ready to retire.
Will train for 8 weeks @ no cost.