Farmington Lawn Equipment

Business Opportunity for Sale
Catylist Listing ID: 30802803
Property Subtypes: Business Services
Building Size (RSF): 3,253 SF
Sale Price: $1,145,000
Name of Establishment: Farmington Law Equipment
Business Website Address: http://farmingtonlawn.com/
Year Business Established: 1973
Gross Revenue: $300,000 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Sale Terms: Business Only -OR- Business & Property Options: 1) Purchase Business & Lease back Property 2) Purchase Business & Purchase Property on a Land Contract Asking Price for Business & Property is: $1,145,000 Asking Price for Business is TBD and is dependent on the other terms negotiated regarding the property sale or lease.
Last Updated: 6/29/2022

Overview / Comments

Property and/or Business For Sale.
The Owner has been in this very lucrative business for 35+ years and wants to retire!
.
47,520 CARS DAILY!!!!!
GREAT LOCATION!!!!
In the front yard of Holiday Inn Express and Home Depot.

FABULOUS RETAIL DEMOGRAPHICS!!!! Good enough for Home Depot, Holiday Inn Express, Hampton Inn, J. Alexanders, Office Depot, Home Goods, T.J. Maxx, DSW and more!!

Many businesses have their address on Northwestern Hwy as well, 123 Net, Northwestern Energy, Burns & Wilcox and others. Northwestern Hwy is considered one of the main business hubs in the metro Detroit area.

Directly located on Northwestern Hwy., which is the major connector between the West Bloomfield and Farmington Hills, to the major expressway intersections in Southfield. Quick access to anywhere in the metro Detroit Area!

Fabulous Visibility Corner Site with one curb cut off of Northwestern Hwy and another curb cut off Clairview Dr.

Farmington Hills is a city in Oakland County in the U.S. state of Michigan. Its population was 83,986 at the 2020 census. It is a northern suburb of Metro Detroit and is the second most-populated city in Oakland County after Troy.
Farmington Hills consistently ranks as one of the safest cities in the United States, as well as in the state of Michigan.
Farmington Hills also ranks as the 36th highest-income place in the United States with a population of 50,000 or more and ranked as 14th America's best cities to live by 24/7 Wall St. in 2016.

General Business (B-3) - Designed to provide sites for more diversified business types which would often be incompatible with the pedestrian movement in the local business district or the community business district.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Industry Segment: Other Business Services
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Competition/Market Description: Farmington Lawn Equipment has never advertised. The presence in the community since 1973, almost 50 years, has made it as an icon on Northwestern Hwy. The households and demographics in the area support this business service.
Growth/Expansion Opportunities: Presently the Owner is repairing lawn mowers and snow blowers only. The business also repaired jet ski's and sharpened electric chain saws, all additional revenue streams that could be ramped up again.
Seller Financing Description: Short term Land Contract

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,450 82,620 200,739
Median Age: 46.65 45.77 44.67
Households: 4,070 32,716 82,929

Contact

Photograph of Listing Agent

Valerie Kemp

RE/MAX Commercial Connection
CPIX Member
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