Listing ID: 66792
Experienced GM in place!
Growing at $1,000,000 a year last 5 years in popular Texas locale.
Real Estate for sale as well – 5 acres of highway frontage! Cash Flow + $40,000/ yr Rent for debt service.
Price includes $80,000 parts & accessories inventory.
This dealer has built a far-reaching customer base through aggressive internet marketing. Used units are shipped all over the Nation.
Primarily a used RV dealer, this dealer has recently added new unit lines to further grow the business.
He has attracted a group of experienced and skilled staff to handle unit reconditioning and retail Service.
This dealer is doing everything right and the numbers show it!
Price includes Goodwill, FF&E, and Parts inventory.
Serialized unit inventory is in addition to asking price and can be financed with floorplan lender. Approximately $1,600,00 to be adjusted at closing.
Real Estate is also available, 5 acres with buildings asking price $999,000
- Asking Price: $879,000
- Cash Flow: $783,000
- Gross Revenue: $6,200,000
- EBITDA: $673,000
- FF&E: N/A
- Inventory: $1,600,000
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:10,000
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
This is a full service dealership with Parts, Service, and Sales spaces on 5 fenced acres of highway frontage in a highly strategic location.
Seller will train
Death of owner
Competition exists, however, this dealer has built a tremendous internet presence and acquires, reconditions, and sells used units all over the country. With the addition on new unit lines it is expected this dealer's marketing skills will produce continued growth and profitability.
The deal doesn't include inventory valued at $1,600,000*, which ins't included in the asking price.
The company has 12 employees and resides in a building with approx. square footage of 10,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell businesses. Nonetheless, the real factor vs the one they tell you might be 2 entirely different things. As an example, they may claim "I have a lot of various obligations" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competition, current reduction in revenues, or a variety of various other reasons. This is why it is really crucial that you not rely entirely on a seller's word, however instead, use the vendor's response combined with your general due diligence. This will repaint an extra realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that earnings margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in new consumers? Many times, operating businesses have repeat customers, which create the core of their everyday profits. Particular variables such as new competitors growing up around the location, road construction, and also staff turnover can affect repeat consumers and also adversely affect future incomes. One important point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business often, the greater the opportunity to develop a returning consumer base. A final idea is the general area demographics. Is the business located in a largely populated city, or is it located on the edge of town? Just how might the neighborhood typical home earnings effect future income potential?