Business Overview

*********REDUCED PRICE***********

Seller Financing Available for Qualified Buyers:

Company is a 40 year+ business with a strong brand and a large loyal client base, which provides mainly auto glass repair/replacement services. The company has a strong web and social media presence coupled with a seasoned staff, which has produced consistent revenues year over year. Flexible leasing opportunity with new buyer.

This is a great opportunity for someone in the industry to diversify their portfolio while increasing their cash flow year over year and taking advantage of a higher trending industry.

Recalibration System(s) were added this year and will provide additional growth opportunities to improve revenues and profits. Also, increasing direct sales to homeowners, fleet managers, and auto dealerships would further enhance revenues.

NNN Lease that is on month-month Ended 08/31/2020. Negotiable to the next buyer

Financial

  • Asking Price: $690,000
  • Cash Flow: N/A
  • Gross Revenue: $1,904,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $64,000
  • Inventory Included: Yes
  • Established: 1977

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:14
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

6 weeks

Purpose For Selling:

retirement

Additional Info

The business was founded in 1977, making the business 45 years old.
The transaction will include inventory valued at $64,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell operating businesses. Nonetheless, the true factor vs the one they tell you may be 2 completely different things. For instance, they might claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in incomes, or a range of various other reasons. This is why it is very crucial that you not depend totally on a seller's word, but instead, use the vendor's answer in conjunction with your general due diligence. This will repaint a more sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies finance loans so as to cover points like stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that earnings margins are too small. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be satisfied or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in new clients? Most times, businesses have repeat consumers, which develop the core of their everyday revenues. Particular variables such as new competitors growing up around the area, roadway building, and employee turn over can impact repeat customers and negatively affect future revenues. One vital thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the possibility to construct a returning client base. A final thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood mean house earnings effect future income potential?