Business Overview

25yr Old Auto/RV/Boat Dealership with 3yr $180K Net on $1M sales for $499K. Inventory can be purchased or negotiated in sale. Proven business model sells mainly through internet channels with nearly 80% gross margins and low overhead. Owner and key employees will stay for min 30 day training during transition. Used cars, boats and RV’s are seeing the highest values in over 20 years!

Financial

  • Asking Price: $499,000
  • Cash Flow: $400,000
  • Gross Revenue: $1,000,000
  • EBITDA: $180,000
  • FF&E: $50,000
  • Inventory: $250,000
  • Inventory Included: N/A
  • Established: 1996

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,000
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

5000 sq ft bldg with 2 acre car, boat, rv lots

Is Support & Training Included:

30 days

Purpose For Selling:

retirement

Pros and Cons:

none in immediate market area

Opportunities and Growth:

Huge growth op with online sales of cars, recreational vehicles and boats

Additional Info

The venture was started in 1996, making the business 26 years old.
The deal doesn't include inventory valued at $250,000*, which ins't included in the suggested price.

The company has 3 employees and is located in a building with estimated square footage of 5,000 sq ft.
The real estate is leased by the business for $800 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell operating businesses. Nonetheless, the true factor and the one they tell you may be 2 completely different things. For instance, they might state "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competition, current decrease in incomes, or a variety of various other reasons. This is why it is really important that you not count completely on a seller's word, yet rather, utilize the seller's response combined with your total due diligence. This will repaint an extra reasonable picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies take out loans in order to cover things like inventory, payroll, accounts payable, etc. Remember that occasionally this can imply that earnings margins are too thin. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be satisfied or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in brand-new clients? Most times, operating businesses have repeat consumers, which create the core of their day-to-day earnings. Specific factors such as new competitors growing up around the area, roadway building and construction, and employee turnover can influence repeat clients as well as adversely influence future revenues. One vital point to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the higher the chance to construct a returning consumer base. A final idea is the general area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Just how might the regional median house earnings influence future revenue prospects?