Business Overview

Trusted Auto Repair and Car Sales with Great Location. Owner moving across town. Business offers oil change, brake repair, a/c repair, electrical work, tires, engine and transmission rebuild and other general repairs. 60% of revenue comes from commercial customers such as car dealership and small business, 40% comes from general public.

This location also offers vehicles for sale (requires Dealer License) with “buy here/pay here” and third party financing available. All equipment stays along with excellent technician.

Building includes large front office area and room for three vehicles in the repair shop. Rent is only $2,700 monthly. Parking available up to 40 cars.
Business started operations over a year ago and at the same time the Seller got married. The couple built a house on the other side of town and wants to start a business closer to their home. First year in business, Seller claims $90,000 in net income and has only offered car sales for one month.
There are several repair shops nearby. This is an excellent business for an owner/operator wanting to leave an hourly job and build a better future.

This location is just getting started and but already established repair accounts with several local auto dealerships. Great first business for an excellent car tech.

Financial

  • Asking Price: $199,000
  • Cash Flow: $95,000
  • Gross Revenue: $225,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $1,000
  • Inventory Included: N/A
  • Established: 2019

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:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

other interests

Additional Info

The company was founded in 2019, making the business 3 years old.
The sale won't include inventory valued at $1,000*, which ins't included in the listing price.

The business has 2 employees and is located in a building with estimated square footage of N/A sq ft.
The property is leased by the company for $2,700 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell businesses. However, the true factor vs the one they say to you may be 2 entirely different things. For instance, they might claim "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be reasons to try to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or an array of other reasons. This is why it is very important that you not rely absolutely on a vendor's word, yet rather, use the seller's response along with your total due diligence. This will repaint an extra realistic image of the business's existing situation.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans in order to cover items such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that profit margins are too tight. Lots of organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract new consumers? Most times, operating businesses have repeat customers, which develop the core of their daily profits. Particular elements such as brand-new competition growing up around the area, roadway building, as well as staff turnover can affect repeat consumers and also adversely affect future revenues. One important thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business regularly, the higher the opportunity to build a returning client base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? Just how might the regional mean house earnings impact future income prospects?