14 N Milpas St

    Santa Barbara, CA 93103
    • $3,000,000
    • STATUS: Active
    • ON SITE: 161 days
    • MLS #: 18-2447
    UPDATED: 203 min ago
    $3,000,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Listing provided courtesy of Century 21 Butler Realty, Inc..

    Description

    BUSINESS FOR SALE! Properties available for purchase or lease. Santa Barbara's #1 Mower Shop & Power Equipment Sales & Service operating successfully since 1968! A-OK Power Equipment is the regional champion of power equipment distribution and service in Central and Southern California. Based in Santa Barbara County, with 4 strategically placed retail stores, A-OK dominates the Power Equipment market from San Luis Obispo to Ventura. Complementarily, A-OK has expanded its sales reach through its e-commerce store on Amazon, e Bay, and AOKPower.com. A-OK specializes in sales and service for all major brands of: arborist and climbing equipment, landscaper 's tools, construction tools, equipment accessories, repair parts, and much more.They are one of the premier dealers in outdoor power equipment, carrying popular brands such as Husqvarna, Echo, Stihl, Oregon, Exmark, Toro, BCS, and Shindaiwa, contributing to their outstanding reputation and loyal customer base built on timely, consistent, and quality products & service. BUSINESS OVERVIEW: RETAIL: A-OK is the only Makita Pro Center from L.A. to S.F. and is one of So. Cal.'s largest STIHL dealers w/over $1MIL in annual purchases. AOK is the only authorized dealer within 50 miles for Stihl, Shindaiwa, Echo, Bandit, Makita, S.C.A.G., Toro, Grasshopper, Oregon, B.C.S., Billy Goat, and Tanaka. SERVICE: A-OK holds exclusive service contracts with Sears, Home Depot, Tractor Supply, and Home Lite for all locations from Ventura to San Luis Obispo. E-COMMERCE: Over the past 3 years E-Commerce platforms have sought A-OK as partners to provide reliable volume for their Power Equipment Offerings. As of 2018, A-OK Power has exploded it's Online sales by providing reliable service and earning preferred seller recognition on Ebay and Amazon. This recent success has led to the conversion of a dedicated in-house fulfillment center at the Goleta location. AREAS SERVED: Retail - Ventura, Santa Barbara, San Luis Obispo, and San Diego counties. E-Commerce - Nationwide FINANCIAL OVERVIEW: * $450,000 IN 2018 AVERAGE MONTHLY SALES * $905,000 - PROJECTED 2018 NET INCOME * $5.5MM - PROJECTED 2018 GROSS SALES * EXCELLENT CALF. LOCATIONS W/ LIMITED LOCAL COMPETITION * TURNKEY BUSINESS INCLUDING 4 HIGH-VOLUME STORES * PRESENTS THE OPPORTUNITY TO PURCHASE OWNERSHIP OF THIS HIGH VALUE POWER EQUIPMENT MARKET IN CENTRAL/SOUTHERN CALIFORNIA LOCATION HIGHLIGHTS: PROPERTY ADDRESS POSITION VALUE LEASE RATE 14 N. Milpas Street Santa Barbara, CA 93103 Owned $2,250,000 $12,000 5777 Hollister Avenue Goleta, CA 93117 Option $3,830,000 $12,000 321 McMurray Road Buellton, CA 93427 Owned $1,750,000 $6,000 1671 S. Escondido Blvd. Escondido, CA 92015 Owned $1,000,000 $6,000 BUYER CAN PURCHASE OR LEASE ALL PROPERTIES VALUATION: * LISTING PRICE: $3,000,000 * GROSS ANNUAL SALES: $5,500,000 PROJECTED FOR 2018 * ANNUAL NET INCOME: $906,958 PROJECTED FOR 2018 * FF&E'S: $300,000 * VEHICLES: $97,000 * LEASEHOLD IMPROVEMENTS: $300,000 * COMPANY EXPECTS 20%-30% GROWTH IN ONLINE SALES IN 2018 * IVENTORY: $2,791,000 (NOT INCLUDED IN PURCHASE PRICE) SEE ATTACHED OFFERING MEMORANDUM IN "DOCUMENTS" TAB

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    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-12-15T23:47:00.387. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2018-12-15T23:47:00.387.
    www.theziagroup.com/homes/85393200

    14 N Milpas St Santa Barbara, CA 93103

    • Price: $3,000,000
    • Status: Active
    • Updated: 203 min ago
    • MLS #: 18-2447
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    SB/East of State
    County:
    Santa Barbara
    Area:
    SB/East of State
    Property Description
    BUSINESS FOR SALE! Properties available for purchase or lease. Santa Barbara's #1 Mower Shop & Power Equipment Sales & Service operating successfully since 1968! A-OK Power Equipment is the regional champion of power equipment distribution and service in Central and Southern California. Based in Santa Barbara County, with 4 strategically placed retail stores, A-OK dominates the Power Equipment market from San Luis Obispo to Ventura. Complementarily, A-OK has expanded its sales reach through its e-commerce store on Amazon, e Bay, and AOKPower.com. A-OK specializes in sales and service for all major brands of: arborist and climbing equipment, landscaper 's tools, construction tools, equipment accessories, repair parts, and much more.They are one of the premier dealers in outdoor power equipment, carrying popular brands such as Husqvarna, Echo, Stihl, Oregon, Exmark, Toro, BCS, and Shindaiwa, contributing to their outstanding reputation and loyal customer base built on timely, consistent, and quality products & service. BUSINESS OVERVIEW: RETAIL: A-OK is the only Makita Pro Center from L.A. to S.F. and is one of So. Cal.'s largest STIHL dealers w/over $1MIL in annual purchases. AOK is the only authorized dealer within 50 miles for Stihl, Shindaiwa, Echo, Bandit, Makita, S.C.A.G., Toro, Grasshopper, Oregon, B.C.S., Billy Goat, and Tanaka. SERVICE: A-OK holds exclusive service contracts with Sears, Home Depot, Tractor Supply, and Home Lite for all locations from Ventura to San Luis Obispo. E-COMMERCE: Over the past 3 years E-Commerce platforms have sought A-OK as partners to provide reliable volume for their Power Equipment Offerings. As of 2018, A-OK Power has exploded it's Online sales by providing reliable service and earning preferred seller recognition on Ebay and Amazon. This recent success has led to the conversion of a dedicated in-house fulfillment center at the Goleta location. AREAS SERVED: Retail - Ventura, Santa Barbara, San Luis Obispo, and San Diego counties. E-Commerce - Nationwide FINANCIAL OVERVIEW: * $450,000 IN 2018 AVERAGE MONTHLY SALES * $905,000 - PROJECTED 2018 NET INCOME * $5.5MM - PROJECTED 2018 GROSS SALES * EXCELLENT CALF. LOCATIONS W/ LIMITED LOCAL COMPETITION * TURNKEY BUSINESS INCLUDING 4 HIGH-VOLUME STORES * PRESENTS THE OPPORTUNITY TO PURCHASE OWNERSHIP OF THIS HIGH VALUE POWER EQUIPMENT MARKET IN CENTRAL/SOUTHERN CALIFORNIA LOCATION HIGHLIGHTS: PROPERTY ADDRESS POSITION VALUE LEASE RATE 14 N. Milpas Street Santa Barbara, CA 93103 Owned $2,250,000 $12,000 5777 Hollister Avenue Goleta, CA 93117 Option $3,830,000 $12,000 321 McMurray Road Buellton, CA 93427 Owned $1,750,000 $6,000 1671 S. Escondido Blvd. Escondido, CA 92015 Owned $1,000,000 $6,000 BUYER CAN PURCHASE OR LEASE ALL PROPERTIES VALUATION: * LISTING PRICE: $3,000,000 * GROSS ANNUAL SALES: $5,500,000 PROJECTED FOR 2018 * ANNUAL NET INCOME: $906,958 PROJECTED FOR 2018 * FF&E'S: $300,000 * VEHICLES: $97,000 * LEASEHOLD IMPROVEMENTS: $300,000 * COMPANY EXPECTS 20%-30% GROWTH IN ONLINE SALES IN 2018 * IVENTORY: $2,791,000 (NOT INCLUDED IN PURCHASE PRICE) SEE ATTACHED OFFERING MEMORANDUM IN "DOCUMENTS" TAB
    Property Features

    Business Information Doing Business As A-Ok Power Equipment Business Information Owner Works Yes Business Information Valueof Fixture 300000.00 Business Information Valueof Inventory 2791000.00 Business Information Year Established 1968 Business Type Bus OtherRepairService Condition Excellent Cross Street East Cota Deposit 90000.00 For Sale Or Lease For Sale Franchise No Income Expenses Annual Gross Income 5500000.00 Income Expenses NOI 830000.00 Offices 4 Parking Uncovrd Real Estates Included Other Terms CashOmc 1StOmc 2nd Type Business Opportunity Year Remodeled 18 Zoning C-2

    Listing information © 2018 Santa Barbara MLS
    Listing provided courtesy of Century 21 Butler Realty, Inc..



    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-12-15T23:47:00.387. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2018-12-15T23:47:00.387.
     
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Century 21 Butler Realty, Inc..