Listing ID: 73573
This automotive oil change & repair shop has been in the community for nearly 3 decades. Specializing in oil changes & lube services, automotive repair & performance, fleet management, along with moving & storage transportation solutions. Because of the confidentiality of this listing, proof of funds is required, along with a signed Non-Disclosure Agreement (NDA). Please refer to listing 84541-251131 and advisor Pat Bass when inquiring.
- Asking Price: $352,900
- Cash Flow: $121,691
- Gross Revenue: $327,379
- EBITDA: N/A
- FF&E: $111,808
- Inventory: $20,000
- Inventory Included: Yes
- Established: 1988
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 1988, making the business 34 years old.
The transaction will include inventory valued at $20,000, which is included in the asking price.
The business has 6 employees and is located in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell companies. However, the real reason vs the one they say to you might be 2 entirely different things. For instance, they might claim "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competition, current decrease in earnings, or a range of various other reasons. This is why it is really vital that you not count totally on a vendor's word, but rather, make use of the vendor's response in conjunction with your general due diligence. This will paint a more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover things like supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that earnings margins are too small. Many organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be satisfied or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in brand-new clients? Most times, companies have repeat consumers, which form the core of their day-to-day profits. Specific aspects such as brand-new competition sprouting up around the location, roadway construction, as well as personnel turn over can influence repeat customers and adversely impact future earnings. One vital point to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the better the possibility to build a returning customer base. A final idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Just how might the regional typical household earnings influence future income potential?