Listing ID: 71205
Established Motorcycle Shop with lots of repeat clients. If you are experienced in motorcycle bike repairs this is the business for you. This area has very little competition it is well known and in a great high traffic area. This is a booming business for a motivated owner-operator.. The Myrtle area is well known for the motorcycle events such a Bike week and Bike fest in the Spring and Fall.This is a great business for a new owner with motorcycle mechanic skills. The owner is including some repair parts and start up inventory. The owner wants to so some fishing but is willing to train for two weeks to show you the ropes. He is willing to be available by phone or in person for a fee.
This shop has been in the area for over 21 years
and is a well know spot to have repairs completed before and during major bike week festivals.
free standing, dedicated parking
- Asking Price: $125,000
- Cash Flow: $50,000
- Gross Revenue: $75,000
- EBITDA: N/A
- FF&E: $10,000
- Inventory: $15,000
- Inventory Included: Yes
- Established: N/A
The deal will include inventory valued at $15,000, which is included in the listing price.
The property is leased by the business for $1,400 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell businesses. Nevertheless, the genuine factor vs the one they say to you might be 2 entirely different things. As an example, they may say "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in earnings, or an array of other factors. This is why it is really important that you not count entirely on a seller's word, yet rather, utilize the seller's answer along with your total due diligence. This will repaint a much more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover points like inventory, payroll, accounts payable, etc. Remember that in some cases this can mean that profit margins are too thin. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be satisfied or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new customers? Often times, businesses have repeat customers, which develop the core of their day-to-day earnings. Specific elements such as brand-new competition sprouting up around the area, road building, and also employee turn over can impact repeat clients and also adversely impact future profits. One vital thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business often, the higher the chance to construct a returning client base. A last idea is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Just how might the regional average home earnings effect future revenue prospects?