TX Outdoor Power Equipment Sales, Rental & Service Company

TX Outdoor Power Equipment Sales, Rental and Service Company | Offered by DBG Advisors This privately held outdoor power equipment sales, rental and service company located in central Texas opened the doors in April 2013. They started the business by selling mowers and providing service for those mowers. Today the company sells mowers, skid steer/tractor attachments, parts, and accessories with a full-service shop. They also have expanded their services by renting outdoor equipment used by contractors, farm and ranch owners and the public. As an authorized Hustler®, Scag, Echo, Virnig and CID dealership serving the central Texas area they provide a large selection of new and used inventory, and knowledgeable sales, financing, service, and parts departments. The company can provide warranty work on everything that they sell and stand behind their merchandise. They also have a parts department to provide parts to the equipment they sell. In the last three years the company has seen steady growth and ended 2021 with $223,560 in discretionary earnings. The owners have worked hard to build a profitable, recession proof company that can withstand the ups and downs of the economic. Finances for the company are conservatively managed, with healthy cash balances. Expansion over the last several years has been financed through current cash flow. The owners wish to sell the company, its assets and real property for a total of $1,550,000. The sales price for the business itself is $1,100,000. The sales price for the business reflects 3.7 times multiple of the company’s discretionary earnings. The real estate includes the 2,732 square foot headquarters building which has 1,200 sq. ft. finished showroom, office space, breakroom, and 1,532 sq. ft. shop space. In addition, the building sits on a 2.345-acre lot which is approximately 102,148 square feet of land. The value of this real estate, included in the sales price, is $450,000 and is in keeping with comparable property in the area. The location is a very valuable asset since it is on the corner of a State Highway. The Chamber of Commerce’s 2019 date from TXDOT indicates that the Annual Average daily traffic is 9,882. The company’ high visibility and traffic count significantly adds value and drives a consistent stream of customers to the business. Customers who have weekend farms and ranches in the area find this location very convenient. Location: Texas Year Established: 2013 Number of Employees: 5 Real Estate: Owned Building Sq. Ft.: 2,732 Facilities: The real estate includes the 2,732 square foot headquarters building which has 1,200 sq. ft. finished showroom, office space, breakroom, and 1,532 sq. ft. shop space. In addition, the building sits on a 2.345-acre lot which is approximately 102,148 square feet of land. The value of this real estate, included in the sales price, is $500,000 and is in keeping with comparable property in the area. Website: dbgadvisors.com Market Outlook/ Competition: The location is a very valuable asset since it is on the corner of a State Highway. The Chamber of Commerce’s 2019 date from TXDOT indicates that the Annual Average daily traffic is 9,882. The company’ high visibility and traffic count significantly adds value and drives a consistent stream of customers to the business. Customers who have weekend farms and ranches in the area find this location very convenient. Growth & Expansion: In the last three years the company has seen steady growth and ended 2021 with $422,081 in discretionary earnings. The owners have worked hard to build a profitable, recession proof company that can withstand the ups and downs of the economic. Finances for the company are conservatively managed, with healthy cash balances. Expansion over the last several years has been financed through current cash flow.