Listing ID: 72724
Automotive and Heavy Electrical and Parts and Service Specialist
Known statewide as a knowledgable and reliable source for auto electrical parts. This retailer has a great location for their brick and mortar store and service center. This business is a perfect fit for a future owner that has basic automotive and or 12 volt understanding. Currently, the owner works part time and the crew is seasoned and knowledgable. An industrious person that wants to step in and grow this business has ample opportunity to do so .With a full time commitment will come larger sales, revenues and additional bottom line earnings. Central Oregon is growing and so is the need for auto parts and service shops. This business touches both sides of the industry, has an amazing lease, location, significant inventory and a great reputation. If you’re tired of working for somebody else then here is your chance to work for yourself and forge your own future. Seller financing and low down will help to get you started in this new role.
Bonus – there is a two bedroom, one bath, with living area and kitchen above the shop.
For almost two decades this business is well known and respected in the community and provides a wide range of auto, tractor, and general equipment parts and rebuild services. Get new or rebuilt parts for a competitive price or the business can rebuild your damaged parts.
Ideal for the owner operator who is entrepreneurially spirited and creative. ASE certification is helpful but not necessary.
Bonus – there is a two bedroom, one bath, with living area and kitchen above the shop. New owner can save on residential rent.
The new owner can utilize current marketing strategies to market to the existing database of customers and expand within Central Oregon with B2B affiliations/partnerships. Advertising the store and services can help drive sales growth.
Service provides a big opportunity for sales growth.
- Asking Price: $229,000
- Cash Flow: $63,975
- Gross Revenue: $241,704
- EBITDA: N/A
- FF&E: $14,400
- Inventory: $154,600
- Inventory Included: Yes
- Established: 1996
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The company was established in 1996, making the business 26 years old.
The deal will include inventory valued at $154,600, which is included in the suggested price.
The business has 2 employees and is situated in a building with approx. square footage of N/A sq ft.
The real estate is leased by the company for $1,400 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell operating businesses. However, the real reason vs the one they say to you may be 2 absolutely different things. For instance, they may claim "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competition, recent reduction in incomes, or a range of various other reasons. This is why it is very essential that you not depend absolutely on a vendor's word, but instead, make use of the vendor's answer combined with your general due diligence. This will paint a much more realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies borrow money in order to cover things such as stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that revenue margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be met or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in new clients? Many times, operating businesses have repeat customers, which create the core of their everyday revenues. Certain factors such as new competitors growing up around the area, roadway construction, as well as employee turnover can affect repeat customers and negatively impact future earnings. One vital thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the greater the possibility to construct a returning consumer base. A last thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood mean family income influence future revenue prospects?