Business Overview

10+ year old tire and auto repair shop in Orange Beach. This business is currently open 5 days a week and always has plenty of work. Lots of the business is in the form of cash. Tire inventory, tools(except owners personal tools), lift, jacks , etc transfer. This is turn key for a new owner and the current owner will stay on for a seamless transition period. Owner financing is available. Employees to remain as well. With a little organization the sky is the limit for this business. Owner wants to retire and relocate

Financial

  • Asking Price: $275,000
  • Cash Flow: $105,000
  • Gross Revenue: $550,000
  • EBITDA: N/A
  • FF&E: $25,000
  • Inventory: $5,000
  • Inventory Included: Yes
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,100
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Rent includes all utilities. Only bill that will be needed outside of rent is internet.

Is Support & Training Included:

Seller will assist for a period of time to be negotiated.

Purpose For Selling:

owner wants to move to less populated area now that children are grown

Pros and Cons:

Business is well known and has a great location. it is also one of the very few auto repair and tire stores in orange beach.

Opportunities and Growth:

Area is booming. Business is poised for rapid growth. Additional services can also be added for rapid growth.

Additional Info

The venture was started in 2010, making the business 12 years old.
The sale does include inventory valued at $5,000, which is included in the requested price.

The company has 3 employees and is located in a building with approx. square footage of 2,100 sq ft.
The real estate is leased by the business for $1,600 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell operating businesses. However, the true reason and the one they tell you might be 2 completely different things. As an example, they may claim "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competition, recent reduction in revenues, or a variety of other reasons. This is why it is extremely essential that you not depend absolutely on a seller's word, but rather, utilize the vendor's response together with your total due diligence. This will repaint a more sensible image of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses borrow money with the purpose of covering points such as inventory, payroll, accounts payable, etc. Remember that sometimes this can indicate that earnings margins are too thin. Lots of businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that should be fulfilled or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract brand-new clients? Often times, companies have repeat consumers, which create the core of their daily earnings. Certain factors such as new competition growing up around the area, roadway building, and employee turnover can impact repeat customers as well as adversely impact future earnings. One important thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the greater the opportunity to construct a returning consumer base. A final thought is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? How might the regional typical family earnings influence future revenue prospects?