Monday, 12 February 2018

Landmark Power Sport Dealership (Mountain West US)



Business Description:  This premier power sport dealership in the Mountain West United States is an exceptionally managed, highly profitable turnkey dealership that carries a vast inventory of new and pre-owned products, including many Japanese franchises under one roof, as well as Yamaha, Suzuki, Chaparral, G3 Boats, Ducati, Aprilla, BRP (Ski-doo, Sea-doo, Spyder and Can-Am) and more. Pretty much everything except Harley. They also carry a huge selection of parts, accessories, and apparel. The company has 35 employees. The 80,000 sq. ft. dealership sits on five acres of prime real estate. There is a 30,000 sq. ft. showroom, a 28,000 sq. ft. warehouse and 22,000 sq. ft. dedicated to service and parts (all approx.).

Distribution:  Launched 19 years ago, this dealership has captured the marketplace. It is the top retailer in the area of motorcycles, ATVs, UTVs, PWCs, and power equipment, and stands out from its competition through its top-notch sales and service. The local economy is currently experiencing unprecedented growth, and the market for recreational transportation is booming.

Operational Strengths:  This dealership maintains an established, loyal customer base and enjoys isolation from like-branded companies. It boasted sales of $15 million in 2016. It has its own website which generates considerable internet sales and has a consistent track record of sales and profitability.

The facility is well-equipped in furniture, fixtures and equipment (approx. $1,000,000) which includes a boat lift, wash bay, two car-lifts for working on side-by-sides, loading dock, etc. The recent installation of a commercial Solar Energy System is expected to generate $5,000 in energy savings per month. The building has excellent frontage and visibility along a major highway. It is easy to reach and offers ample parking. The seller wishes to completely retire by selling the business and the facility at the same time. The facility is available a fair market price of $7,000,000.

Their top-notch service department is known for its custom, quality work, and has relationships set up with most major parts manufacturers and distributors. Experienced and trained mechanics are already in place.

The Transaction:
The Seller also owns the Real Property and would like to sell that as well.  Fair Market Value to be determined, but estimated to be $7,000,000 (approx.).

Financial Summary


2017 Est by Seller
2016
2015
Revenue
16,500,000
$15,141,251
$12,300,000
Adjusted EBITDA
1,300,000
$  1,200,360
$     319,751

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Mountain West
Internal
Yes
1988
5571, 5551, 3799


  
Direct All Inquiries to:

Gottesman Company
Refer to:  S-2791-1 JPM
Tel: 212-330-8010     Fax: 646-434-4557
                                       E-mail: office@gottesman-company.com