Business Overview

Family owned general auto and transmission repair business delivering honest and professional services to the people of Oklahoma City and surrounding areas for almost 10 years. Our ASE certified technicians employ todays latest technology and are equipped to handle any type of domestic or foreign auto repair. Business books are clear and transparent. Total of 3 staff, 2 certified mechanics and 1 scheduler. Reason for sale is retirement.

Financial

  • Asking Price: $442,000
  • Cash Flow: $104,469
  • Gross Revenue: $539,388
  • EBITDA: N/A
  • FF&E: $136,122
  • Inventory: $25,000
  • Inventory Included: Yes
  • Established: 2000

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:

3 weeks

Purpose For Selling:

retirement

Additional Info

The venture was started in 2000, making the business 22 years old.
The sale shall include inventory valued at $25,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell companies. However, the real reason and the one they tell you might be 2 totally different things. As an example, they may state "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competitors, current decrease in profits, or an array of various other factors. This is why it is extremely essential that you not depend absolutely on a vendor's word, yet instead, utilize the vendor's solution along with your overall due diligence. This will paint an extra practical image of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money in order to cover items such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can mean that profit margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be satisfied or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract brand-new clients? Most times, businesses have repeat consumers, which develop the core of their everyday profits. Particular elements such as new competition sprouting up around the location, road building and construction, as well as personnel turn over can affect repeat consumers as well as adversely influence future incomes. One crucial thing to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the higher the chance to build a returning customer base. A last thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? How might the regional median family income impact future revenue potential?