Listing ID: 73313
Fantastic well established Automotive Repair business and real estate in Delaware, OH. Established 38 years and 17 years at this location!! Features 15,562 square foot free-standing warehouse/shop on 1.17 acres. 2 14′ x 14′ drive-in doors plus 10′ 10′ drive-in. A full-service operation for auto’s, trucks, and motor homes. Family owned and operated and ideal for a new owner-operator or expansion into fantastic market for existing operation. **Please be discreet and do not disturb the ongoing business or employees** Zoned M – 2 General Manufactorubg District with all City utilities. 16′ clear ceiling height. Business gross volume of just under $1,000,000 annually and great upside. Outstanding cash flow for an owner – operator. Business is priced to sell at $125,000 plus Inventory at cost. Real estate priced at $845,000. Total package price of $970,000. Outstanding reputation in a fantastic area in Delaware!!
- Asking Price: $970,000
- Cash Flow: $100,000
- Gross Revenue: $970,000
- EBITDA: N/A
- FF&E: $125,000
- Inventory: $50,000
- Inventory Included: N/A
- Established: 1983
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:15,562
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
15,562 square foot freestanding warehouse facility on 1.17 acres - built in 1976 and in great condition - Firestone rubber roof with 4-inch styrofoam insulation and 20-year warranty installed 2009. Exterior condo arrangement with building next door at nominal cost and part of larger Industrial area north of Delaware Industrial Park.
Owner will train
Unique older car repairs and mobile home repairs
The venture was founded in 1983, making the business 39 years old.
The sale shall not include inventory valued at $50,000*, which ins't included in the listing price.
The business has 7 employees and is located in a building with approx. square footage of 15,562 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. However, the genuine reason and the one they say to you might be 2 absolutely different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competitors, current reduction in earnings, or an array of various other reasons. This is why it is very essential that you not rely completely on a vendor's word, however rather, use the seller's solution along with your general due diligence. This will paint an extra reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses finance loans with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that profit margins are too tight. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that must be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location draw in new customers? Often times, operating businesses have repeat clients, which create the core of their everyday revenues. Specific factors such as brand-new competitors growing up around the location, road building and construction, and staff turnover can affect repeat consumers as well as adversely impact future revenues. One crucial point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the higher the opportunity to develop a returning consumer base. A final idea is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood mean house earnings influence future earnings prospects?