Powersports Dealership

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Powersports dealerships

Business Description

Powersports Dealership: The Company is a multi-line franchised Powersports Dealership. The business was founded over 71 years ago and specializes in Powersport sales for the western, Oregon markets. Large quality and variety of inventory with service and parts support, and customer service are top priorities of the business. The company values their long-standing relationships with their employees, customers and suppliers. The Company is one of the most established multi-line dealership of its kind in the Pacific Northwest. The company operates out of a leased facility.

About the Business

Location:
Multnomah County, Oregon
Year Established:
1980
Number of Employees:
12
Relocatable:
Yes
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
25,000
Rent:
$13,000.00 Per Month
Lease Expiration:
6/30/2020
Facilities:
The Company leases its facilities: the company facilities include Show room, offices, parts room, service and tech bay and warehouse of approximately 25,000 sq. ft. on 325,000 sq. ft. of flat ground. Current lease rates are $13,000 per month with the tenant paying the insurance, property taxes, inside and outside maintenance and repair. The building and land has been sold and the business will needed to be moved to a new location after the sale. The facility is in a mixed retail and industrial area near major highways, have access to truck lines and bus lines and are only minutes from downtown.
Market Outlook/
Competition:
The Company markets its 6 franchise dealerships through radio, television print, mailouts and a website. Although it serves franchise areas, the business draws customer from all over the state.
Growth & Expansion:
Over the last five years’ sales increased until last year. Future profits are expected to increase do to the overhead reduction associated to the sale of an implement dealership. The improving economic conditions and population expansion bode well for future growth.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
The owners will provide training and transitional support for 3 months

Listing Info

ID:
1604773
Ad Detail Views:
0
Asking Price:
$1,500,000

Gross Revenue:
$6,821,500
Cash Flow:
$550,000
EBITDA:
$400,000
Inventory:
$2,100,000
not included in asking price

FF&E:
$400,000
included in asking price

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Business Listed by

Ray Hanson

PragmaGroup, LLC.

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