Business Overview

This semi-absentee auto repair has continued to see steady profits for 27 years. It has maintained its profitability throughout 2020, and in spite of Covid19. The customer first culture has proven to be one of its greatest assets. Quality service with integrity has been something employees are committed to. The dedicated and long tenured staff are very skilled in complete auto repair and customer service. Their commitment and reliability has created in environment where the owner has great discretion over his time in the business. This elusive business is a rare find.

This listing is lender pre-qualified which means you can own a business that cash flows almost $200,000 and $1,718,000 worth of Real Estate for only $260,000 down! Inquire for more details!

Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! At Transworld Business Advisors, we are the most active business brokerage in the country – listing and selling the most businesses in the state. Get added to our buyer list today to receive notifications as businesses with your criteria hit the market!

Financial

  • Asking Price: $850,000
  • Cash Flow: $192,551
  • Gross Revenue: $738,305
  • EBITDA: N/A
  • FF&E: $150,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1994

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:6,200
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Commercial facility owned by seller with 6,200 sqft.

Is Support & Training Included:

Yes, included.

Purpose For Selling:

Retirement.

Additional Info

The company was established in 1994, making the business 28 years old.

The business has 5 employees and is located in a building with disclosed square footage of 6,200 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell operating businesses. Nonetheless, the genuine factor vs the one they tell you may be 2 totally different things. For instance, they may say "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in revenues, or a range of other factors. This is why it is very important that you not rely completely on a vendor's word, but rather, use the seller's answer in conjunction with your total due diligence. This will repaint an extra practical picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of businesses take out loans with the purpose of covering items such as supplies, payroll, accounts payable, etc. Remember that occasionally this can mean that earnings margins are too tight. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to 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 vendors that should be met or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area attract brand-new clients? Often times, operating businesses have repeat consumers, which develop the core of their daily earnings. Specific factors such as new competition growing up around the location, roadway building and construction, and also employee turn over can impact repeat consumers and also adversely impact future profits. One crucial thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the better the possibility to construct a returning customer base. A last idea is the basic area demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? How might the regional average house earnings effect future revenue prospects?