Business Overview

This auto service business has offered over 20 years of honest quality service to the local community. The shop is located in a great location in one of the larger cities in Lane County. The business has earned a five-star rating on Google, a 5-star rating on Facebook, and an A+ rating with the Better Business Bureau. The business operates from a leased shop that has 6 service bays, a waiting area, and an office. The landlord is willing to offer a long-term lease. The owner manages the business and performs some service writing, Employs, an assistant manager, four mechanics, a service writer, a courtesy driver(general helper). The owner has well-established mail, email marketing strategies in place to retain established customers as well as marketing directed at new customers, keeping the business consistently busy.

Financial

  • Asking Price: $430,000
  • Cash Flow: $148,000
  • Gross Revenue: $914,000
  • EBITDA: N/A
  • FF&E: $42,600
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2003

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:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

6 Service bays with AAMCO post lifts, I hydraulic., waiting room and office

Is Support & Training Included:

30 days

Purpose For Selling:

Seller is ready to retire

Pros and Cons:

There is lots of competition in this industry but few as established with an excellent reputation for honest, quality work. An extensive mail marketing system is designed to keep the service bays busy.

Opportunities and Growth:

Always room for growth, for a motivated, enthusiastic new owner.

Additional Info

The company was established in 2003, making the business 19 years old.

The business has 7 employees and resides in a building with approx. square footage of N/A sq ft.
The real estate is leased by the business for $2,758 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell operating businesses. Nonetheless, the genuine reason and the one they tell you may be 2 completely different things. As an example, they may say "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might simply be justifications to attempt to hide the reality of transforming demographics, increased competition, recent reduction in profits, or a variety of other reasons. This is why it is really vital that you not count entirely on a vendor's word, but rather, use the seller's answer in conjunction with your overall due diligence. This will paint an extra reasonable image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that revenue margins are too thin. Lots of businesses fall into 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 consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in brand-new consumers? Most times, businesses have repeat customers, which develop the core of their everyday profits. Specific elements such as brand-new competitors growing up around the location, road building, and also staff turn over can impact repeat customers and adversely influence future revenues. One vital thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the better the chance to develop a returning client base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Exactly how might the local average house earnings impact future revenue potential?