For Sale
$1,295,000

0 Successful Tractor And Outdoor Power Equipment CompanyMichigan, ND 58259

High-growth, profitable business for sale

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional opportunity presents a well-established tractor and outdoor power equipment business in Whitman, North Dakota, boasting over 75 years of service. The business enjoys a prime location on a busy highway, offering excellent visibility. It benefits from diverse revenue streams including new equipment sales, service, parts, and sales of off-road vehicles, serving a loyal customer base for over three decades. The company carries spare parts for over 10 brands and has a strong online presence. Average annual revenues exceed $4.7 million, with an average annual Seller's Discretionary Earnings (SDE) of $336,000 over the past three years. Significant revenue growth of 15% annually (2021-2022) and over 70% growth in net income in 2023 compared to the previous year demonstrate strong performance. The asking price is $1,295,000, with a favorable SDE multiple of 3.3x. The sale includes goodwill, fixed assets, and approximately $175,000 of inventory (cost basis). The seller will carry a substantial six-figure note for a qualified buyer, and a potential financing structure includes a 10% down payment, a matching seller note, and an SBA term loan. This structure projects a post-debt discretionary cash flow of approximately $240,000 in 2023. The current management team, including a general manager, will remain in place, and the seller offers a one-year transition period for training and customer retention. The real estate is available for lease or purchase separately. This presents a high-cash-flow business with significant barriers to entry in a desirable region.

Highlights

  • Established tractor and outdoor power equipment business in Whitman, ND with over 75 years of service.
  • Prime highway location with excellent visibility.
  • Diverse revenue streams (equipment sales, service, parts, off-road vehicles) generating over $4.7M in average annual revenue and $336,000 average annual SDE over the past three years.
  • Strong growth trajectory (15% annual revenue growth 2021-2022, over 70% net income growth in 2023).
  • Asking price: $1,295,000 (3.3x SDE multiple); includes goodwill, fixed assets, and ~$175,000 inventory.
  • Seller financing available with substantial note, potential for 10% down payment, matching seller note, and SBA loan.

Property Details for 0 Successful Tractor And Outdoor Power Equipment Company

Property type

Location Insight

City
Michigan
County
Nelson
State
North Dakota
Latitude
48.0513919
Longitude
-98.1299519
Successful Tractor And Outdoor Power Equipment Company, Michigan, North Dakota

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
0 Successful Tractor And Outdoor Power Equipment Company
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message