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Grand Traverse Co year-round outdoor sports shop for sale.
Asking Price: 650,000 plus Inventory Real Estate Value: $1,500,000
Annual Sales: $2,300,000 Cash Flow: $172,000 SDE: $150,000
About the Business: The Business was formed in 1974 as a bicycle shop and grew over the years to a year-round outdoor sports shop including bicycles, hiking, ski equipment, and apparel associated with these outdoor sports. The Company offers all the major brands of equipment and clothing.
The Company has 8 to 15 full time trained employees depending on the season. Including crucial management roles as a General Manager, Service Manager, and Sales Manager.
Competition: As a resort and vacation town, there is local competition. However, the outdoor severe sports enthusiast that have been interviewed named this Business as the most experienced and knowledgeable in the area.
Facilities (Real Estate, Equipment, Turn-Key, etc.): This home town business is a turn-key operation with trained staff and second-line management in place. The sale will be an all-asset sale that includes all equipment and storage and retail display units.
Growth Potential & Expansion Possibilities: The current second-generation owner is ready for retirement. This Business is prime for new blood to energize the Business with advertising and fresh ideas. The most growth could be through expansion in the outlying areas with satellite stores.
Profitable Residential Roofer in Emmet County MI is 4Sale by Owner.
Sales: $635,640 Cash Flows: $175487 SDE: $193,532
The Owner started the business in Emmet Co in 1990 and by 1995 grew the business to twenty-five employees comprising three crews.
In 1997 the Company built the building where it sits today. The building features 768 sq. ft. comprises three offices and a 3200 sq. ft. warehouse. The building is metal construction and in excellent condition, being newly painted. The seller would like to lease the building to the new buyers; however, it could be purchased for the appraised value.
This business flourished through advertising and word-of-mouth referrals, grossing close to $1,000,000 per year in annual sales.
The Company starts its employees at $15 per hour and increases $1 per hour annually. Currently, the highest-paid employee is paid $25 per hour. The industry average is $24 per hour. It is anticipated that all employees will stay and work for the new Owner.
Assets for Sale includes Real Estate Valued at $225,000. The Equipment, Inventory, Customer Lists, including all customer data, Company Names, websites, business phone numbers, are included in the Sale.
Family-owned and operated Print Screen & Embroidery and Trophy shop in Manistee County, MI.
Sales: $374,000 Cash Flows: $40,365 SDE: $56,650
The Owner started the business in a garage in 2003 as a screen printer of T-Shirts. Two businesses in joint business partner joined the owner in 2008, complimenting the firm by filling in customers’ needs by selling trophies and offering engraving services.
Both companies quickly outgrew the family garage and had to find a suitable retail space.
The Companies currently offer screen printing, embroidery, retail sales of clothing, uniforms, gift branding, graphic design, vinyl cutting, trophy’s and awards, engraving, and banners.
Combined, the Companies have four non-related employees ranging from a wage base of $12 to $20 per hour.
The business has repeating customers such as schools, large Corporations, County-based as well as faith-based organizations.
Asset for Sale includes equipment, inventory, and Real Estate Value of $300,000 and maybe broken out and leased. They are housed in a commercial space that is also for sale on a major highway.
First Family of Pizza in GT County,
After 39+ years, the family is ready to retire from the Pizza business.
Sales $500,000 SDE $135,850 FF&E $54,000
First Family of Pizza, after 39+ years, the family is ready to retire from the Pizza business. All the awards are in, and with several family members already retired, the rest are preparing for new adventures. Sales have been on an annual increase and are projected to increase in the pandemic’s face in 2020.
As a traditional pizzeria, the Company offers a classic menu with multiple specialty pizzas.
Located in a prime area, the Business offers dine-in pre-COVID, carry out, and third-party delivery services.
This Pizzeria is in a very competitive market, and its success is due to the superior product. New owners would be wise not to make any changes to the menu.
The Company currently operates very profitably on a word-of-mouth referral basis; very little is spent on advertising. If the new owners were to increase their advertising budget and offer home delivery nearby, residential neighboring sales could increase exponentially.
The Sale will be an Asset purchase that includes all of the Companies assets, less the Cash and Cash Equivalents.
Northwest Michigan Commercial Greenhouse 4 Sale.
This Commercial Greenhouse has been in business for over 34 years, and it’s time for the founder to retire.
Sales: $584,000 Real Estate Value:$88,000 EITDA: $240,565
Asking Price: $745,000 includes Business Assets, including Good Will and Rea Estate.
The Company sells its products to retailers, landscapers, and institutional groundskeepers with a small mail-order retail. This business is ideal for an owner-operator with experience in the greenhouse business. However, as a starter business, the owner will commit up to a year for training on a consulting contract basis.
The Company is a year-round operation with 4 employees and 10 seasonal employees.
The Greenhouse has 28,960 Sq. Ft. with 5 bays and sits on 3 acres of property included in the sale price. The Premises is in excellent condition and has enhanced set up for automated watering and heating. The business has tremendous potential for facility expansion.
Business expansion for a go-getter offers expanded sales opportunities, including institutional and retail growth.
Northwest Michigan Auto Auction and Salvage Company is for sale.
Current ownership is seeking to retire.
This thirty-seven-year-old second-generation Company is highly profitable and ideal for a small investment firm. The Company has management in place to continue operations given leadership with some vision.
The Company currently offers Used Auto, Truck and RV Sales, Auto Salvage, and Service for internal purposes only.
The Company holds Auto Auctions, and post-COVID is continuing online sales as most Auto and RV sales have done very well and have prospered.
The Company has fifteen employees, including an operations manager, sales manager, parts manager, and office manager. The majority of the employees and all of the managers are well seasoned.
The sale price includes Real Estate and Company Assets less Cash and Receivables. The Company sits on approximately 31 acres with various buildings and infrastructure for blacktop paving and lighting systems.
The Company has many options for increased growth by merely offering service for customers, growing parts sales, and taking the business’s salvage portion to sell the parts. As the sum of the parts is greater than the value of the whole. An additional expansion could expand Auto Sales, Financing and increased RV Sales and alignment as a Dealer.
GT CO Metal Fabricator:
The Company offers Sand Blasting and Powder Coating, Welding, Metal Fabrication, and Dock Manufacturing. The product runs are generally one at a time and prototype but are set up to manufacture up to 700 pieces.
Repair work for out of production parts and one of a kind pieces makes up the majority of their work orders. The Company manufactures Docks at a customer’s request. A Company’s specialty is its ability to build and repair metal handrails.
Their customer base is made up of local farmers, manufacturers, and the general public.
The Company also employs an office assistant, two sandblasters, two welders, and two floating workers plus the partners who provide all of the management. Owners provide all management responsibilities.
Traverse City Pet Groomer
The Company was opened in 2008 by its current owner at the same location, in Traverse City, MI. The Company offers dog and cat grooming and other services include bathing, brushing, nail clipping, and teeth brushing, and other services. The store is open six days per week by appointment only. The facilities are inviting to customers and their pets, and you can wait while your pet is being groomed. Customers may watch on a closed-circuit TV to see the services as they are being performed.
The Owner also provides training for online dog grooming schools, called externships, to future dog groomers.
Currently, the Company has three groomers who are subcontract employees. Compensation is a 50% split of customer charges plus tips. The Groomers average $1,200 per week working part-time.
Competition. There are several pet groomers in the Traverse City Area. Among them are The Clipper Grooming, Petit Pooch Shop, Pawsitively Beautiful Pet Grooming, Diana’s Personal Touch, Doggie Style Grooming Station, Artistic Grooming, and Brenda’s Pet Parlor, American K-9, Petit Grooming.
NW MI Medical Supply Co.
This Company is a thirty-year experienced Company purchased six years ago by its Owner. The Company currently has three leased locations; the main office near Traverse City, MI, Detroit Metro Area, and Mid-Michigan Area.
The Company provides supplies and rental equipment to skilled nursing and VA hospital facilities around the state. And a federal GSA contract to be able to sell to any governmental agency around the country. In addition, they have an FSS contract to sell to any DOD facility. And has a specialty with a negative pressure wound therapy product. The sales are approximately 80% of the rental equipment and 20% of supplies.
Key employees consist of three sales managers (one in each location), a facilities manager, and a billing office manager in Near Traverse City. The Company employs ten people, mostly service and technical staff.
The Company prides itself on service boasting a four-hour turnaround time while its competitors generally take up to 24 hours to respond.
Manistee County Lumber & Supply.
The Company is a fourth-generation family-owned business beginning in 1920 and owned and operated by the same Owner since 1999.
This Lumber Yard and Building Supply Company is a member of two nationally known buying groups that offers brand name building supplies, including Aristocraft and Medallion Cabinetry, Anderson Windows.
The company supplies materials contractors and residents within Manistee and Benzie Counties. The service area includes Frankfort, Manistee, Bear Lake, Onekema, Gilroy’s, Arcadia, Benzonia, Irons to the south, and points in-between. Manistee County Lumber & Supply Company customers make up two-thirds of contractors to a one-third DIY customer ratio.
The company employs four full-time employees plus the Owner and his wife as a part-time bookkeeper. One of the employees is designated as a manager and is fully capable of operating the Company in The Owner’s absence.
Manistee County Campground, RV Park, and Party Mart
Available for sale by the owner. This business offers a full 65 site Campground and RV Park. The size of the Real Property is 14 Acres is located 5-7 minutes from the Manistee River, the Tippy Dam, Hiking Trails, and Caberfae Ski Lodge.
The area promotes a family atmosphere for young parents and older grandparents, providing lasting family memories. Activities also include hiking, fishing, hunting, and boating.
The C-Store was purchased in 2001 just adjacent to the camp-sites. This C-Store has a full line of products, including a Liquor License, Beer and Wine License, food inventory, and a deli. The Party Store has a Marathon fueling station with four pumps. That was just upgraded and inspected this last July.
The Party store is an excellent addition to the Campground as a natural vertical market. Additional expansions would be to increase revenue by offering a Restaurant, Swimming Pool, and other Glamping Amenities.
Benzie County Automotive Park
Automotive Park, with sales over $995,000, is offered by this retiring business owner. All in one location located on approximately one acre of property. This high-volume business has several large commercial, City, and County accounts and is balanced with a brisk retail trade. Open 5-1/2 days a week.
This automotive facility features three buildings that include services such as a car wash, oil change, tire sales, and automotive repair. The buildings are equipped with six bays and five lifts, wheel alignment, and other equipment to service automotive and light trucks. The business also does on-site tire featuring two service vehicles.
The Company employs six technicians, including a licensed and certified mechanic and a service writer totaling seven full-time employees.
The owner wishes to sell both Real Property and business. However, is willing to sell the business as a stand-alone. SBA, Bank, and Owner financing available for qualified buyers.