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Farm Implement Dealership with Great Terms! In Washington

Farm Implement Dealership with Great Terms! In Washington
Washington
Employees: 5 FT 1 PT

Selling Price

$400,000

Revenue

$1,997,852

Owner Benefit

$28,280

Inventory

$254,000

Furniture, Fixtures, Equipment & Vehicles

$77,000

This new and used Farm Equipment Dealership was established in the mid sixties.  The business is a full service dealership offering tractors, excavators, rotary cutters, rear blades, sprayers, balers, swathers, rakes, grapples, and much more. The business also offers parts sales and a full service repair shop for all equipment they sell.  If they do not have a part in stock, they will gladly order it upon request.  They also offer equipment rental.

This is an old family business once very successful. The adult children owners/partners have developed other business interests (and ownership), thus this business has been ignored by the owners and run via a manager. 

A well respected CPA firm handles the business' accounting needs.

 

 

 Tractor with Bucket Tractor with Bucket
Used  Round BalerUsed Round Baler

Key Features

This is a good entry level opportunity to rebuild a company with valuable product lines, staff and an honorable reputation. The business would benefit greatly from a hands on owner. It has an ideal high profile location.

The current business owners are known for their local business success thus are greatly respected. Intangible assets of association with these individuals could be a significant advantage for someone with knowledge of farming and related equipment.

Co-op advertising is provided.  The professional website on the Internet is also one of their most effective marketing tools.

Inventory

The business carries approximately $1,000,000. of inventory in the Spring of the year. Of that amount, roughly 70% would be owned inventory with no debt. The balance would be floored planned inventory.

The Selling Price includes $254,000. of service parts and hydraulic inventory. The owner's are willing to consider a Seller Financing option for the Buyer for all inventory that can be secured by a lien until sold by the Buyer. The balance of the inventory would remain part of a third party floor plan supported by the manufacturers. The Buyer would need to qualify for the floor plan arrangements.

The above scenario would help the new Owner's cash flow significantly.

Facilities

The facility is nicely maintained, free standing building.  It may be leased or purchased directly from the owners.

 

Competition

There are several other farm implement dealers in the area.

Support / Training

The owners will provide 3 weeks of training for the new entering party.  The owners will sign a non-compete document.

 

Reason for Selling

The owners own other successful businesses in the area and wish to Exit from daily responsibility for this business. They are well qualified to serve as future mentors to the new Entering Party.

Additional Information

Joe's Comments

Frankly, had we not known of the Business' owners, and had not been referred by their CPA firm, who we have worked with previously, we probably would not have accepted this client, as unprofitable businesses are very hard to sell. That being said, I believe for the right person(s) this is a significant opportunity to receive the financial help, local contacts, product lines/vendor relationships, and encouragement that new business owners need. 

While there is no way for the owners to collect monies from the sale of the Goodwill of the business, the business does have Goodwill value, if only from it's landmark location and it's name association with other successful businesses. The owners have a reputation of fairness and consideration - an important asset for all businesses, but essential in a smaller community.

Financing Options

BizAdvocates.com will assist a qualified buyer with Third Party SBA financing including a line of (credit) working capital with 10% - 20% as a down payment. 

Seller Financing considered with 50% down and other qualifications.

VIP Entering Parties

We have prepared very detailed information about our Client for you. Your wife, banker, CPA, attorney, father in law, etc. will  think you are brilliant with your new well tuned abilities to discuss this acquisition opportunity. Assuming you are pre-qualified, we want to mail or email this presentation of our Client's business to you.

Just as you want to learn about our Client and us, we also want to know more about you.  Please complete our Hey, I’m Interested! form on the BizAdvocates.com website so we can arrange a conference call with Joe or Sandy Camp, the owners of BizAdvocates, to speak with you regarding the details of the business you are interested in.  Please indicate the best telephone number and time of day to reach you. 

Please know that we protect the identity and location of our client until we have fully qualified the potential buyer and your personal information is handled with the same consideration and confidentiality. In a business transfer, the irresponsible distribution of confidential financial and other business information can possibly damage the future and current owner's investment as such information can impact suppliers, employees, competitors, bankers, landlords, etc.
 
This is a great way to speed up our communication process with you. Thank you in advance for your cooperation.


A formal Valuation has been completed on this Business. Please request your copy.

Pre-qualification process

A non-disclosure agreement and other financial qualification must be received prior to the disclosure of the business location or other pertinent information about this business.

This is neither an offer to sell nor a solicitation to sell securities.

Jerry and Mendy Tippet

“When a buyer is asked to complete a company’s qualification forms, it’s just good common sense to do it if you are at all interested in their client’s business. From what I have seen, there are far more qualified buyers than there are qualified businesses. The qualification forms are a way of getting to the top of list of good prospects quite easily… a great way to put your best foot forward without a lot of effort.

A quality firm like BizAdvocates just wants to know they have a quality prospect whose financial means is in the ball park for a likelihood of a possible transaction. In our case, Joe and Sandy used their experience with other industry professionals to help us buy the company we inquired about initially with better terms than we expected and better tax advantages for the owners which created a win-win for all.”

Buyers - Jerry and Mendy Tippets
acquired a N. Idaho based
Manufacturing Company
Joe and Sandy Camp - each a BizAdvocate
represented the Exiting Party in the transaction
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