Listing ID: 74782
The Auto Inn is Located in Palm Springs California less than a mile away from The Palm Springs airport. They provide custom service to meet their individual needs and ensure your stored car, truck or motorcycle receive the proper care. Providing comprehensive and secure vehicle CLIMATE CONTROLED STORAGE, that includes vehicle pick up & delivery, fueling,battery charge maintenance, and detailing. Consignment services are available for customers, to help them get the best price and facilitate advertising, negotiations, DMV processing, and funding. Vehicles are stored in a climate-controlled facility where temperatures never exceed 80 degrees year-round. The facilities are under 24/7 video surveillance and alerts to any activity. The Auto Inn is also a proud distributor and retailer for the full line of the Aero Premium Detail Products! Please call broker for details on this turn-key opportunity and to arrange a showing.
This information while not guaranteed has been obtained from sources deemed reliable. Buyer must verify the information and bear all risks for any inaccuracies. DRE #01366091 0000120821
- Asking Price: $549,000
- Cash Flow: $175,680
- Gross Revenue: $620,634
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:18,500
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Size: 5,000 Sq.Ft. Bldg.#1 6,000 Sq.Ft. Bldg. #2 5,000 Sq Ft Bldg #3 2,500 Sq Ft Bldg #4 4 Buildings
Will train for an agreed amount of time for a smooth transition.
The company was established in 2000, making the business 22 years old.
The company has 2 employees and is located in a building with disclosed square footage of 18,500 sq ft.
The building is leased by the business for $15,890 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell companies. Nevertheless, the genuine factor vs the one they tell you might be 2 totally different things. For instance, they might state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competition, recent decrease in incomes, or an array of various other reasons. This is why it is really vital that you not rely completely on a vendor's word, however instead, utilize the seller's answer in conjunction with your general due diligence. This will paint a more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies borrow money with the purpose of covering things like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that revenue margins are too tight. Numerous businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new customers? Often times, companies have repeat customers, which create the core of their day-to-day profits. Particular elements such as brand-new competition sprouting up around the location, road building, as well as personnel turnover can influence repeat clients and negatively influence future profits. One essential point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business often, the higher the opportunity to build a returning customer base. A last thought is the basic area demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? How might the regional mean household income impact future earnings potential?