Business Overview

This is a 4 revenue stream business. During Covid the towing leg has been stopped but can be restarted at any time Located in great area. Located on Main Street USA. The building is 4500 square feet. The real estate can be purchased only by a buyer of the business. The facility is well planned and very ample room. There are 8 bays. The current owner manages the overall business and handles the finances. The revenue is produced by general auto repair and maintenance, auto body repair and used car sales. The body shop does the majority of the revenues with the auto repair and maintenance in second with towing and used car sales a distant third and fourth. There are two shop managers and 6 techs and one driver. Well managed and well designed business has growth opportunities in all 4 sectors of the business for years. The business has grown every year except 2020 because of the Covid situation. Excellent property for storage and parking. Very secure. Serious inquiries only.

Financial

  • Asking Price: $750,000
  • Cash Flow: $210,000
  • Gross Revenue: $1,436,000
  • EBITDA: $210,000
  • FF&E: $450,000
  • Inventory: $6,000
  • Inventory Included: N/A
  • Established: 1996

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:4,500
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is an 8 bay stand alone facility with 4,500 sq. ft. of interior space. Well equipped and designed to house this multi faceted business. The yard is very accommodating and plenty of space to store vehicles and parts. There is a gated rear yard for security also.

Is Support & Training Included:

The current owner will transition the business professionally and according to the buyers needs.

Purpose For Selling:

Retiring and looking for time off to enjoy his family.

Pros and Cons:

Being a multi faceted business is an advantage over most if not all of the area competition. The business has grown every year, except for the Covid year, and will continue to grow under the right management / ownership. There are not many cons in the automotive sector as it remains one of the most constant and stable markets in the USA.

Opportunities and Growth:

Great opportunity to re-establish the towing side of the business and grow used car sales side.

Additional Info

The venture was established in 1996, making the business 26 years old.
The transaction shall not include inventory valued at $6,000*, which ins't included in the suggested price.

The business has 10 employees and resides in a building with approx. square footage of 4,500 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell operating businesses. However, the true reason and the one they say to you might be 2 totally different things. As an example, they may state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in revenues, or a range of various other reasons. This is why it is very essential that you not count totally on a seller's word, but rather, make use of the vendor's answer in conjunction with your overall due diligence. This will repaint a much more realistic picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies borrow money so as to cover items like inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that profit margins are too small. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also 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 contracts with suppliers that have to be met or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location draw in new customers? Many times, companies have repeat consumers, which create the core of their daily earnings. Specific aspects such as brand-new competition growing up around the area, road building, and employee turn over can influence repeat customers and adversely influence future revenues. One vital point to think about 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 individuals that see the business on a regular basis, the greater the opportunity to develop a returning client base. A final thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? How might the local typical home earnings effect future revenue prospects?