MergerPlace

Distributor of Outdoor Recreation Equip.

North Carolina


  • Asking Price: $395,000
  • Gross Income: $1,119,873
  • Cash Flow: $151,639
  • Real Estate: Not Disclosed
  • Inventory: $108,000
  • FF&E: $7,500
  • Listing ID: #211178
  • Established: 1998
  • Employees: 2 FT

Business Description

Twenty year-old distributor/Manufacturer's Rep of upscale Residential Recreation Equipment. Products include playground equipment, wood playsets, trampolines and basketball equipment. Exclusive territory in Central North Carolina! Business is currently run semi-absentee. Owners lightly supervise the two employees that run day-to-day operations including sales, marketing, operations and scheduling installations. Business generates incredibly steady and reliable revenue and earnings. The business consists of marketing, selling and scheduling installation of products. (Installations done by an award winning sub-contractor). Owners currently spend about an hour/week on this business. Very competent general manager and assistant manager in place.

The 2018 financials are LTM (last 12 months) 12/1/17 to 11/30/18. Discretionary Earnings is for full-time owner operator. If run semi-absentee (1 hour a week), it would be $90k.


Business Details

Primary Business Category: Retail Trade - Sporting Goods, Hobbies, Books
Location: North Carolina

Company Information

Year Established: 1998
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT

Financial Information

Asking Price: $395,000
Gross Revenue: $1,119,873
Cash Flow: $151,639
FF&E: $7,500
Inventory: $108,000
Seller Financing Available: Yes

Property Information

Facilities:

High-traffic location with high visibility location. With 10,000 sq ft showroom and offices, including 2,444 sq ft of warehouse.

Growth & expansion opportunities:

Industry revenue per household has been on the rise. Business NOT actively managed by owner, currently running semi-absentee. Current owners, not driven to grow this business, are occupied with a larger business project/issue This opportunity is ripe for additional locations in their exclusive territory, and they have a right of first refusal on unsold adjacent territories Expand product line (prime manufacturer has other synergistic products the owners have chosen not to carry due to time constraints such as: Billiards, Darts, Exercise & Workout, Game Room, Outdoor Yard Games, Pickle ball, Table Tennis and Archery Increase online presence (new e-commerce website in development)

Competition:

Competition is limited, only five other like businesses in North Carolina.

Reason for selling:

Owners have a larger business that requires more of their time and effort.

Support & Training:

Will train for 4 weeks @ $0 cost. No license required.

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Business Listed By:

Don Emmett

Murphy Business Brokers