Business Overview

Two large commercial buildings, with high visibility and high traffic count on South Riverside. And, 42 years of a well run and established business is included at basically no charge. Owners are retiring! Inventory included along with two shuttle-loaner cars! The detail center has 4 bays, 1 hoist, heat & AC and fresh paint. The exclusive Miracle Shield treatment is applied here, along with a large array of services. The main building has offices up & down, the car wash, waiting area and a coffee shop area, not currently being used. Many upgrades and improvements have been done in the buildings and equipment. Miracle Shield of Medford has a large client base and a great reputation. Customers love the ”Super Gold Card” and the ”Big 5 Card” providing continued car care, and consistent income for you! Timing couldn’t be better to step into this smooth running business with a loyal customer base. Buyer to do all due diligence.

Financial

  • Asking Price: $795,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1979

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:4,942
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A

Additional Info

The business was founded in 1979, making the business 43 years old.

The business has 2 employees and is located in a building with approx. square footage of 4,942 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell operating businesses. Nevertheless, the genuine factor and the one they tell you may be 2 absolutely different things. For instance, they may say "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competition, current reduction in incomes, or an array of various other reasons. This is why it is extremely important that you not rely absolutely on a seller's word, yet instead, utilize the seller's response along with your general due diligence. This will repaint a more practical image of the business's present situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many operating businesses finance loans with the purpose of covering things like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that earnings margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that have to be satisfied or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location attract brand-new customers? Most times, businesses have repeat clients, which create the core of their daily profits. Certain variables such as brand-new competition growing up around the area, road construction, and also personnel turn over can impact repeat clients and also negatively influence future profits. One essential point to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the higher the chance to develop a returning client base. A final idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Exactly how might the regional typical home income impact future earnings prospects?