Business Summary:
This powersports dealer has been in existence since the 1970's and at its current location since 1994. Major expansions, renovations and upgrades from 1998 to 2000 have brought the business' revenues from $900,000 to $7,500,000 a year. The company has a 4,000 square foot 4-bay repair facility and an 8,000 sf showroom featuring motorcycles and a full line of accessories, plus jet skis, and ATV's. This dealer's franchise if one of the industry's top recognized brand names. In addition, the dealer is usually in the top three out of the 40 dealerships in the region. High customer satisfaction, measured as measured by the franchise, is consistently in the 90-95% range, making this one of the highest ranked dealers in Central California. Key long-time employees are fully trained and have extensive experience in their job assignments. The company also has a race team that has been extremely beneficial in driving off-road product sales. the team manager has been with the company since 1996 and conducts all of his operations at no costs to the dealership. This is an exciting field with huge owner perks paid for by the franchise and other promotional companies. BUYER CAN ASSUME FLOORING LINE OF $1,278,477 WHEN PURCHASING THE INVENTORY of $1,488,477. "NET" INVENTORY COST TO BUYER, THEREFORE, IS $210,000. Owner's Cash flow was calculated after deducting for interest on flooring line, i.e. interest was NOT added back to cash flow.
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