Listing ID: 69890
Business Overview
Great Location | Absentee Ownership | Real Estate Included
It is rare when a profitable business is listed for sale in Bentonville. This well-known location and business are now being offered for sale. The Seller has made the decision to sell since his full-time career has expanded and left him very minimal time to check on the business. The business has a strong experienced management team in place and can operate well on a day-to-day basis. The location is included in the asking price and included three operating bays.
The potential for growing the business through marketing, branding and continued growth in this area makes this a very solid business primed for additional growth and profits. Given the location and surrounding area the business is known for an efficient and well-trained staff that takes a personal concern in making sure your vehicle is taken care of properly. The employees understand that their clientele expects the best and they treat each customer with that in mind every day.
To learn more about this Oil and Lube business for sale contact CBI Northwest Arkansas.
Financial
- Asking Price: $1,095,000
- Cash Flow: $133,893
- Gross Revenue: $520,644
- EBITDA: N/A
- FF&E: $53,000
- Inventory: $14,000
- Inventory Included: Yes
- Established: N/A
Retirement
Additional Info
The sale does include inventory valued at $14,000, which is included in the requested price.
The building is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. Nevertheless, the true reason and the one they say to you might be 2 completely different things. For instance, they might state "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be justifications to try to conceal the reality of changing demographics, increased competitors, current decrease in revenues, or an array of various other factors. This is why it is very crucial that you not rely entirely on a seller's word, yet rather, use the vendor's answer together with your general due diligence. This will paint an extra realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Lots of companies borrow money in order to cover things such as supplies, payroll, accounts payable, and so on. Remember that in some cases this can mean that profit margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract new clients? Many times, operating businesses have repeat customers, which create the core of their everyday earnings. Specific aspects such as new competitors sprouting up around the area, road building, as well as employee turnover can impact repeat customers and adversely influence future revenues. One crucial thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the better the chance to construct a returning customer base. A final thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood mean household earnings effect future revenue prospects?
