Description

Company sells and services scooters and accessory equipment to the general public from a 1,500 sq. ft. facility encompassing showroom and service areas. Prices of the scooters range, in general, from $1,000 to $2,000 per unit and customers are generally younger in age with limited budgets who want inexpensive transportation as well as other customers who transport the scooters with them to vacation venues. Sales for the year 2013 from tax returns were $255,547 and net profit $102,967. Profit was enhanced in 2013 from previous years because the owner was able to favorably negotiate prices with his vendors for products he purchased from them and in some cases by change of vendors. Three years of tax returns are published in this listing presentation. The business is priced at $189,000 and includes all equipment excluding personal tools. Inventory of scooters and accessories such as retail items of clothing, head gear, etc. and spare parts for the scooters are in addition to the purchase price. The owner will stay on as necessary for a successful transition. One part time employee assists the owner with service requirements although the owner has a mechanical background and personally services the scooters. He will be retiring after the sale but would be agreeable to a longer stay with the new owner if agreed upon.

Financial Summary

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