Business Overview

The business has been in the same location for over 30 years. Huge customer base and room for growth as the community is growing.

This opportunity is great for anyone looking to own an auto repair business in Houston. 4,000 sf of auto repair with plenty of available space for parking. 5 lifts- all above ground, 3 mechanics and 1 service writer.

At this price, seller says that a buyer would have a great opportunity to increase business which would be explained to a qualified buyer. Business operates Monday through Friday, however seller believes that the business should be open on Saturdays. Seller owns the building and wants to sell the building and property with the business. The real estate asking price is 375,000 and will be handled by a commercial real estate broker.

Financial

  • Asking Price: $270,000
  • Cash Flow: $112,000
  • Gross Revenue: $460,000
  • EBITDA: N/A
  • FF&E: $30,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 2015

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:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a location of 10,000 square feet. Seller is active in the business with 4 FT employees. Hours of operation are 8 AM to 6 PM, Monday - Friday. $10,000 in Inventory and $30,000 in FF&E included in Asking Price. $5,000 made in Leasehold Improvements.

Is Support & Training Included:

Five (5) days

Purpose For Selling:

Sellers need to focus on new business.

Additional Info

The company was founded in 2015, making the business 7 years old.
The deal does include inventory valued at $10,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell businesses. However, the genuine factor and the one they say to you might be 2 completely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be reasons to try to conceal the reality of changing demographics, increased competitors, recent reduction in profits, or a range of various other reasons. This is why it is very essential that you not count totally on a seller's word, however rather, use the seller's solution in conjunction with your general due diligence. This will repaint an extra practical image of the business's current situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies take out loans in order to cover points such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that earnings margins are too small. Many 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 also be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be met or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area bring in brand-new clients? Most times, operating businesses have repeat clients, which develop the core of their day-to-day revenues. Specific elements such as new competition sprouting up around the location, road building, and also staff turn over can influence repeat consumers as well as negatively influence future earnings. One essential thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the better the chance to develop a returning client base. A final thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Exactly how might the neighborhood median household income effect future revenue potential?