Business Overview

For decades, this auto repair shop has been servicing a loyal customer base. They originally specialized in transmission rebuilds but more recently, have trended to general auto repair. They are known for their stellar customer service and have great Google reviews.

Located just off the main highway through Bend, they have ample parking and overflow storage across the street for cars in the queue. The shop can accommodate up to 5 cars at a time and have experienced mechanics.

The owners are moving on to new projects and a buyer would need a chief mechanic to replace that current role.

A portion of seller financing will be considered for approved buyers.

Financial

  • Asking Price: $299,000
  • Cash Flow: $128,000
  • Gross Revenue: $800,000
  • EBITDA: N/A
  • FF&E: $58,150
  • Inventory: $6,500
  • Inventory Included: Yes
  • Established: N/A

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:4
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

new projects

Additional Info

The sale will include inventory valued at $6,500, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell operating businesses. Nonetheless, the real reason and the one they tell you might be 2 absolutely different things. For instance, they might claim "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be excuses to try to conceal the reality of altering demographics, increased competition, current decrease in revenues, or a variety of other factors. This is why it is really important that you not count completely on a seller's word, however instead, make use of the vendor's answer in conjunction with your total due diligence. This will repaint an extra practical image of the business's existing situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses take out loans in order to cover items like inventory, payroll, accounts payable, and so on. Remember that in some cases this can indicate that earnings margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be met or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in new clients? Many times, companies have repeat consumers, which create the core of their day-to-day earnings. Specific aspects such as new competition sprouting up around the location, roadway building, as well as staff turnover can impact repeat customers and also adversely impact future revenues. One crucial thing to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the higher the chance to construct a returning consumer base. A last thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Exactly how might the neighborhood mean home income impact future income potential?