Listing ID: 73280
A very busy auto sales and service shop located in a busy North Dayton Suburb right off of I-75. On a very busy road, this business has a lot of exposure to many commuters. Established in 2019 this business has been busy since day one. Started from nothing and grew it very quickly. Owners poured their hearts and souls into this place to make it as successful as possible. Includes one rack and an alignment machine. Real estate is available as part of the purchase and there is an additional outbuilding with overhead door that could be used to expand service offerings to customers. All equipment and tools come with the sale of this business. You will get everything. A money maker from day one. Owners have a second location in the southeast on the coast and are ready to move south. The business comes with a dealer license and a dealer plate so you can further increase your revenue.
Showings are by appointment only. Contact Brandon Owens at firstname.lastname@example.org or 513-392-6750.
- Asking Price: $1,295,000
- Cash Flow: $436,722
- Gross Revenue: $2,840,269
- EBITDA: $436,722
- FF&E: $50,000
- Inventory: $400,000
- Inventory Included: Yes
- Established: 2019
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
2 Buildings: Main office and lobby for customers with attached garage for service. Separate building included in the purchase price could be used for additional service growth opportunities.
30 days - negotiable beyond that.
Owners are relocating
#1 seller in their category and segment in the area. Great location on well travelled thoroughfare.
Room to grow sales on the lot and service in the buildings available.
The company was started in 2019, making the business 3 years old.
The sale shall include inventory valued at $400,000, which is included in the asking price.
The business has 3 employees and resides in a building with approx. square footage of 3,000 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell operating businesses. However, the real factor and the one they say to you may be 2 totally different things. As an example, they may say "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be justifications to try to conceal the reality of altering demographics, increased competition, current decrease in incomes, or an array of other reasons. This is why it is extremely essential that you not depend absolutely on a vendor's word, however rather, make use of the vendor's answer in conjunction with your overall due diligence. This will repaint an extra reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses finance loans with the purpose of covering things such as stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that revenue margins are too tight. Many organisations come under 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 might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be met or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in brand-new consumers? Often times, businesses have repeat consumers, which form the core of their day-to-day earnings. Specific variables such as new competitors sprouting up around the area, roadway construction, and also employee turnover can affect repeat consumers and negatively influence future incomes. One essential thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning client base. A final thought is the general area demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? How might the neighborhood average home income influence future earnings potential?