Listing ID: 67674
“State of the Art” Automotive repair shop facility with 5 lifts, employee locker room, lunchroom, beautiful office, and customer waiting lounge. Domestic,foreign cars, and light truck repairs and service. A must-see opportunity! Your one stop total auto care facility. Convenient to Metro. Raving testimonials. Seller retiring, Impeccable professional bookkeeping.
- Asking Price: $175,000
- Cash Flow: $185,000
- Gross Revenue: $357,162
- EBITDA: N/A
- FF&E: $75,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 1983
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:6,200
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Large service desk, customer waiting area, office space, and plenty of room in the shop
Well operated shop at seller’s comfort level. Business has produced high profits from low gross with minimal technicians. Ready for retirement!
Huge growth potential for an energetic aggressive automotive business owner with the ability to expand marketing strategies and explore addition work categories to take this well-established business to the next level.
The venture was founded in 1983, making the business 39 years old.
The transaction doesn't include inventory valued at $5,000*, which ins't included in the listing price.
The company has 3 employees and resides in a building with approx. square footage of 6,200 sq ft.
The property is leased by the business for $6,800 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell operating businesses. Nevertheless, the true reason vs the one they tell you may be 2 entirely different things. For instance, they might claim "I have too many other obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, current reduction in profits, or a range of various other factors. This is why it is really crucial that you not count absolutely on a vendor's word, yet rather, use the seller's response along with your general due diligence. This will repaint a more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses borrow money in order to cover points such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that earnings margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new consumers? Often times, operating businesses have repeat customers, which create the core of their daily earnings. Specific aspects such as brand-new competitors growing up around the location, roadway building, and staff turnover can influence repeat consumers as well as negatively affect future profits. One essential point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the greater the opportunity to build a returning customer base. A last thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? How might the local median household income effect future income prospects?