Summary of the Offering:
This Power Sports business, grossing $1.86 million in sales in 2008 ($2.17 million in sales in 2007), includes an Established Internet Website business (3 domains) and a brick and mortar dealership in Kinderhook, NY. The business sells Motorcycles, ATVs, Personal Water Craft, parts and accessories.
One of the websites, is the www.XtremePowerSports.com - Webalizer report for the last 12 months for this website shows it received on average 5,000 visitors daily, had a total of 1.7 million unique visitors and over 40,000,000 hits. It generated over $1 million in on-line sales.
The Brick and Mortar side of the business is a multiple product Motorcycle, ATV, PWC dealership with Yamaha, Suzuki and Bombardier brands. It is located in a 6100 sqft building on 8.9 open and clear acres of land and had local gross sales of $750K in 2008. The staff of this business is also willing to stay on.
INVENTORY INCLUDED: The purchase of this business will include $140,000. in parts and owned inventory (Yamaha Suzuki and Parts inventory).This value will be adjusted at closing depending on the actual value. If less, the overall price will be reduced. If more, the overall price will increase by the value over $140,000. up to a maximum of $190,000. Email for additional information. Qualified buyers only please.
Financial Information
Asking Price: $995,000
Gross Sales 2008: $ 1,868,862. ($1,118,512. for internet - $750,340. for Dealerships)
Cash Flow: $231,846. (up from $172K in 2007)
Inventory Value: $140,000 - included in the sale
Equipment Value: $25,000 - included in the sale
Real Estate Value: minimum of $350,000 - included in the sale
All Dealerships: included in the sale
Following Three Domains/Websites: included in the sale
www.XtremePowerSports.com - Webalizer report for the last 12 months for this website shows it received on average 5,000 visitors daily, had a total of 1.7 million unique visitors and over 40,000,000 hits.
Included is the TOLLFREE # 1-866-XTR-PART
These websites alone generate yearly $1.1+ Million in Powersports parts and accessory sales. The gross margin is just under 50% and the EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) is over $400K yearly. The fulfillment of internet orders is performed at the dealership site and requires 3 fulltime employees and the maintenance of the websites requires only a part-time effort.
INVENTORY INCLUDED: The purchase of this usiness will include $140,000. in parts and owned inventory (Seadoo, Skidoo, Suzuki and Yamaha Parts inventory).This value will be adjusted at closing depending on the actual value. If less, the inventory price will be reduced. If more, the price will increase by the value over $140,000, up to a maximum fo $190,000.
FLOOR PLAN FINANCING: On any given day, there is $700,000. to $900,000. in motorcycle, ATV and other products in the showroom that are not part of the Seller owned inventory. Most of these display products are subject to floorplan financing and may be as much as 2 years old. The buyers should be aware that the monthly cost of the floorplan financing items must be assumed when buying the business in order to keep sufficient products in the showroom. This is standard practice in the industry. The costs of this monthly financing is reflected in the Profit and Loss information.
