Nationwide Power Sports Dealership with Retail Showroom

Business Description

For sale is a 12-year-old E-commerce power sports dealership based in Michigan that offers new and pre-owned power sports vehicles, a full line of parts, and service. Vehicles include electric golf carts, motorcycles, boats, jet skis, used cars, ATVs, and more. Walk-in customers make up about 20% of their customer base, while 80% of sales are online with shipping and delivery options. 

In 2020 Michigan assembled vehicles can be driven like regular cars and trucks without the usual limitations, allowing people to street legalize their power sport vehicles. They can now drive on-road and around town, which changed the industry and increased the demand for vehicles in their state. 

Revenue has been steadily increasing from year to year, with a considerable increase in SDE from 2021 to 2022 due to moving to a better location where they could focus more on the customer experience and driving sales.

The company has six active W-2 employees, not including the owners, consisting of an office/sales manager, two sales reps, a parts and service manager, and two service techs. The owners are confident they will stay with the company post-sale as they exit to pursue different business ventures. They have the right staff, systems, and processes in place for a new owner transition.

2019 2020 2021 2022
Revenue $4,487,693 $5,725,902 $5,979,730 $6,215,490
SDE $176,039 $176,601 $147,711 $345,314

Financial Overview

Asking Price: $890,000

Revenue: $6,215,490

Income: $345,314

Multiple: 3x

The listing is either pending or closed so the NDA cannot be signed