Listing ID: 66900
Pre-Approved for SBA 7a for qualified buyers. As low as 10% down for experienced auto buyers, with good credit. Established 20+ years, this profitable auto service business is located on a very busy street. Top quality service provided for foreign and domestic auto’s and equipped with the latest technology to ensure all vehicle specifications are serviced. Five star online reviews represent pride of ownership. Consistent profitability, clean books and records, and room for growth make this is an exceptional opportunity. The services offered at this shop are vast, including scheduled maintenance, oil changes, tune-ups, air conditioning service and repair and more labor intensive jobs that include engine and transmission repair and replacement. More detailed information regarding this business opportunity is available after signing an NDA. Seller Financing is also available for qualified buyers with a decent down payment.
- Asking Price: $555,518
- Cash Flow: $235,652
- Gross Revenue: $770,462
- EBITDA: N/A
- FF&E: $123,979
- Inventory: $22,000
- Inventory Included: Yes
- Established: 1997
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:6,500
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Seller will provide adequate training after the sale to ensure a smooth transition.
The venture was started in 1997, making the business 25 years old.
The sale will include inventory valued at $22,000, which is included in the requested price.
The business has 4 employees and resides in a building with disclosed square footage of 6,500 sq ft.
The property is leased by the business for $7,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. Nonetheless, the real reason vs the one they say to you might be 2 entirely different things. As an example, they might say "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competitors, current reduction in earnings, or a variety of other factors. This is why it is really important that you not count completely on a vendor's word, yet instead, make use of the seller's response along with your total due diligence. This will repaint an extra realistic image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering items such as stock, payroll, accounts payable, and so on. Remember that occasionally this can mean that earnings margins are too small. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that should be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new consumers? Often times, operating businesses have repeat clients, which develop the core of their everyday profits. Specific elements such as brand-new competition growing up around the area, roadway building and construction, and also employee turnover can influence repeat clients and negatively influence future profits. One essential point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? 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 basic area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? How might the regional median household earnings effect future revenue potential?