Listing ID: 72440
Great location on main street that has a lot of traffic passing by.
The right buyer with a good marketing background can grow this company tremendously.
Business has been around since 1947.
Many of their customers have been around for a long time as well.
Family owned Auto Paint & Equipment wholesaler. PPG exclusive dealer.
This company carries all the liquids from Abrasives to Solventsand Carries the tools necessary to get the job done.
The company Has a fantastic inventory position as to never loose business.
Supplies Auto paints, refinishing materials, solvents, abrasives, tools, equipment, air sanders, paint pulling equipment.
Open 6 days a week and has walk in traffic.
Owner has ties to the automotive community.
The building has a 25’ x 100’ parking lot connected to the building as well as parking on the main street.
- Asking Price: $2,750,000
- Cash Flow: $663,000
- Gross Revenue: $2,233,000
- EBITDA: N/A
- FF&E: $61,000
- Inventory: $1,000,000
- Inventory Included: N/A
- Established: 1947
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
Option: YES Lease Security: 20000 Monthly Rent: $ 10,000 Square Footage: 9500 Type of Location: Stand Alone Facilities: STAND ALONE BUILDING INCLUDES WAREHOUSE, SHOWROOM AND OFFICES
COMPLETE TRAINING AND SUPPORT INCLUDED IN SALE
RETIREMENT- OWNER WILL STAY AS CONSULTANT IF REQUIRED
NONE ON IMPORTANT PRODUCTS
The business was established in 1947, making the business 75 years old.
The transaction shall not include inventory valued at $1,000,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell businesses. Nonetheless, the true reason vs the one they tell you might be 2 totally different things. As an example, they may say "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competition, current decrease in earnings, or a variety of other factors. This is why it is extremely essential that you not rely entirely on a seller's word, yet instead, utilize the seller's response along with your overall due diligence. This will paint an extra sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering points such as supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that earnings margins are too tight. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be met or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new clients? Many times, companies have repeat clients, which form the core of their daily profits. Particular elements such as brand-new competition growing up around the area, road building, and staff turn over can influence repeat consumers and also negatively influence future profits. One vital point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the better the opportunity to develop a returning client base. A final thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood average household income influence future earnings prospects?