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Industry:   SERVICE & REPAIR             

Segment:   Service, Repair & Sales - Lawnmowers, Edgers, Trimmers, Blowers, Pressure Washers, Chain Saws, as well as an extensive parts inventory for most product lines

Geography:   Tampa Bay Area - Upper Pinellas County

Established since 1987 - 23 years with the SAME telephone number - 8 years in the SAME location

This business is truly recession proof.  The United States may be in a recession, but this well established, professionally operated business has not experienced any downward trends.  In fact, sales and service have consistently increased year after year, and the first five months of 2010, sales & owner benefit are RUNNING AHEAD OF LAST YEAR.  When the economy is good, people may purchase new lawn equipment (which this business also sells, as well as used equipment), but when they are experiencing a tight economy, they tend to maintain their existing lawn equipment.  This business has it all, a great location, right next to a parts warehouse for campers, good lease terms and a great customer base.   Current Owner does the labor/mechanics and wife sometimes works the desk and keeps excellent records.  This is a perfect Mom & Pop business, for someone with mechanical skills, all in a great location, with well established customer base.  Competition?  There is none!  This is truly a great overall business.

Asking Price:           $150,000 (PRICE DRASTICALLY REDUCED!!!)

Sales:                      2009     $165,402.54

                                2008     $147,663.06

                                2007     $142,579.79

                                (Payment for service and sales is 40% personal check and 60% CASH.  There are no credit   

                                            card payments.)

Owner Benefit:        $   79,500    Annually

Established:            1987 - 23 years with the SAME telephone number

                                Owner-Operated

                                Florida "S" Corporation

                                Only permits needed are County Operating License and Merchants License (Both total $82/Year)

Inventory:      CURRENT PARTS INVENTORY - included in the Sale Price of $19,500@ cost.

                                An example of the product lines in which parts inventory consists is listed below. 

                                Also, in this category, is all operating shop supplies:

                                 -  Briggs & Stratton

                                 -  AYP

                                 -  Homelite/RYOBI

                                 -  Snapper

                                 -  Tecumseh

                                 -  Honda

                                 -  Poulan

                                 -  McCulloch

                                 - Shindaiwa - (Signficant product inventory for this line since they sell their full line of products)

                                .....  plus MANY MORE!  A detailed list is available from the Seller

                                NEW MACHINES & EQUIPMENT FOR SALE:  $22,000 @ COST, included in the sale price.

                                A FEW EXAMPLES:

                                  -  SHINDAIWA PRODUCTS

                                        - Blowers

                                        - Sprayers

                                        - Trimmers

                                        - Edgers

                                        - Hedge Trimmers

                                        - Multi-tool Attachments

                                        - Articulating Hedge Trimmers

                                        - Chain Saws

                                        ....  Plus Many More Items!

                                - BRIGGS & STRATTON 6.5 HP Engine

                                - BRIGGS & STRATTON TEC. ENGINE

                                - RECONDITIONED B & S PRESSURE WASHERS

                                - ALSO INCLUDED ARE SOME USED, RE-CONDITIONED MOWERS, EDGERS,

                                  AND BLOWERS.

                                (A Detailed List by item and cost per item is available from the Seller)

FF & E:                    $11,500 - Included in Sale - (Replacement Value)

                                The list below contains the majority of the equipment:

                                    Air Compressor with Overhead Air Hoses

                                    2 Large Lift Tables

                                    Large work bench

                                    Chain Hoist

                                    Parts solvent tank

                                    Drill Press

                                    Grinders, Bench and Chainsaw grinder

                                    Welder  - Gas & Torch

                                    A/C Wall Unit (for Office)

                                    Cash Register

                                    Desk, Calculator, Computer, Computer Filing Cabinet, Microfishe

                                    (A detailed list is available from the Seller)

Facility:                  1,800 Square Feet - 3 Year Lease (2 Years Remaining). 

                                Rent includes; electricity, water, garbage pickup, mail/copy/fax and all common

                                area maintenance.  The Landlord will sign a multiple year lease with multiple

                                extensions.  The current yearly increase is at 3%.  The facility is conveniently

                                located off a major road in a Warehouse Building with overhead doors for the

                                convenience of moving mowers in and out of the building.  The Landlord is

                                located in the building and a pleasure to work with.

FINANCIALS:          YEAR 2009 - SALES SUMMARY BREAKDOWN

                                 2009     $165,402.54

                                2008      $147,663.06

                                2007      $142,579.79

                                (Payment for service and sales is 40% personal check and 60% CASH.

                                There are no credit  card payments.)

 

                                MONTHLY SALES BREAKDOWN FOR 2009:        

   2009

  Parts on Repair

 Labor

 Merchandise

 Gross Sales

Jan

$  1,443.18

$  3,053.85

$  1,647.55

$6,144.58

Feb

$  3,521.26

$  4,499.90

$  2,467.27

$10,448.43

March

$  3,016.22

$  4,886.40

$  1,917.51

$  9,820.13

April

$  3,335.97

$  5,777.84

$  3,982.35

$13,096.16

May

$  3,129.15

$  6,843.25

$  3,213.68

$13,186.08

June

$  3,609.03

$  6,760.85

$  9,711.06

$20,080.94

July

$  3,612.74

$  6,866.58

$  7,154.88

$17,634.20

August

$  4,616.37

$  6,967.47

$  9,038.41

$20,622.25

Sept

$  4,203.22

$  7,597.45

$  6,101.81

$17,902.48

Oct

$  4,095.56

$  7,961.33

$  5,747.74

$17,804.63

Nov

$  2,404.89

$  4,108.77

$  3,844.38

$10,358.04

Dec

$ 1,701.72

$  3,353.15

$  3,209.75

$ 8,264.62

TOTAL

$38,689.31

$68,676.84

$58,036.39

$165,402.54

            YEAR 2009 - OPERATING EXPENSES - ANNUAL

    (Excluding Cost of Sales - i.e. equipment & parts purchased)

                                Advertising                    $1,913

                                Auto Expense                $1,937

                                Depreciation Expense   $5,100

                                Dues & Subscriptions   $   170

                                Licenses and Permits    $   232

                                Office Supplies              $   761

                                Part Time Labor             $10,741 (Seasonal - as Required)

                                Professional Fees          $    500

                                Rent                                $12,601

                                Equipment Repairs        $    116

                                Shop Supplies                $   669

                                Telephone                        $  688

                                Uniforms                          $  242

SHOP LABOR:  A FEW EXAMPLES:

                    SERVICE OF MOWERS - APPROXIMATELY $50 - $55

                    LABOR PERCENTAGE 50%

                    SERVICE RIDER - APPROXIMATELY $75 - $80

                    LABOR PERCENTAGE - 50%

                    CARBURATOR JOBS

                        Mower - $40-$65 - 2/3 Labor

                        Riders - $85 - $100 - 2/3 Labor

                        Edgers/Weedeaters - $50 - $65 - 2/3 Labor

                    VALUE JOBS ON RIDERS - $150 - $200   3/4     Labor

                    LABOR RATE - $50 Per Hour

Hours of Operation: (Adjusted Seasonally)  

                                     Monday through Friday:    8:00 AM to 5:00 PM

                                     Saturday:                            9:00 AM to 12:00 PM

                                     Sunday:                              Closed

 

REASON FOR SALE:    The owners have purchased a home on a lake in Georgia, where they plan to retire and FISH!  The Seller will stay on for one month (at no cost) to fully train the Buyer to insure a smooth continuation of the success of this GREAT money making and growing service and sales business.

This is ONE OF A KIND OPPORTUNITY!  EXCELLENT ESTABLISHED LAWN MOWER SERVICE AND REPAIR BUSINESS. THIS FRIENDLY ENVIRONMENT, WHICH HAS BEEN CUSTOMER SERVICE DRIVEN ALL THESE MANY YEARS, HAS NO BAD DEBT.  CUSTOMER SERVICE HAS BEEN THE KEY.  THIS BUSINESS SEEMS TO BE GROWING, EVEN IN THE CURRENT ECONOMIC CLIMATE!  AMAZINGLY, IT DOES NOT SEEM TO HAVE BEEN AFFECTED - IN FACT BUSINESS HAS INCREASED!  This business is priced right and with it's great location, is set to continue growing!  We believe this would be a great mom and pop business for retirement or as an alternative to a lost job.  Tampa Bay is a great place to relocate with wonderful climate all year long, affordable housing, great schools, sports, shopping, great churches and a diverse population.  Did we mention the Gulf of Mexico is only a 5 Blocks away?  Fishing/Boating anyone?  Own your own business, set your own hours and work for yourself!

Call today, this business will not last long on the market.  Ask the broker for additional information. 

Viewing:  Prospective buyer financial qualification required prior to further disclosure and showing. 

Disclosure:  Global Business Brokerage, Inc. has on file the signature and the Sole and Exclusive Right to Sell Listing Agreement, Equipment List, Lease and Cash Flow Analysis.  Information provided herein has been provided by the seller.  Broker has not and will not verify the accuracy or completeness of any information.  Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary.