Listing ID: 74821
Established in 1996, this turnkey operation is a dream come true for its next owner. This business has immaculate books and records. This high quality auto body shop is reflected in its high margins, great reviews, and sales generated almost entirely by reputation, word-of-mouth and location/visibility. The business boasts over 20,000 S.F. of space. The business is operated semi-absentee with the potential to become 100% absentee. Multiple corporate contracts and plenty of potential for growth. SBA Financing Eligible – use this ad’s email reply to learn more about this exciting opportunity. For a quick response to your inquiry, please contact listing agent Mounir Bousaid (RE# S.0178371; Business Broker Permit# BUSB.0006910) or Andrea Bousaid (RE# S.0176816; Business Broker Permit# BUSB.0006883) at firstname.lastname@example.org or email@example.com or call 702-321-1292.
- Asking Price: $3,500,000
- Cash Flow: $730,975
- Gross Revenue: $3,403,147
- EBITDA: N/A
- FF&E: $1,004,000
- Inventory: $60,000
- Inventory Included: Yes
- Established: 1973
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:21,000
- Lot Size:N/A
- Total Number of Employees:14
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 21,000 square feet with a Total Rent of $15,463. Lease ends 9/2023 with a one 5 year lease option. Seller is active in the business with 14 FT employees. Hours of operation are 8 AM to 5 PM, Monday - Friday. $60,000 in Inventory and $1,004,000 in FF&E included in Asking Price. $85,000 made in Leasehold Improvements. Body Shop DMV Class A Collision License Required.
Fourteen (14) Calendar Days
Other business interests
The business was established in 1973, making the business 49 years old.
The deal shall include inventory valued at $60,000, which is included in the suggested price.
The business has 14 employees and resides in a building with estimated square footage of 21,000 sq ft.
The building is leased by the business for $15,463 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. Nonetheless, the real factor vs the one they say to you may be 2 entirely different things. As an example, they might claim "I have too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might just be excuses to attempt to hide the reality of altering demographics, increased competition, current decrease in revenues, or a range of various other reasons. This is why it is really essential that you not depend completely on a vendor's word, but rather, make use of the seller's answer combined with your total due diligence. This will paint a much more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover points such as inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that revenue margins are too tight. Many businesses fall into 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 consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be satisfied or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in brand-new clients? Often times, companies have repeat consumers, which form the core of their day-to-day earnings. Particular variables such as brand-new competitors sprouting up around the area, roadway building, and also personnel turn over can influence repeat consumers and also negatively impact future profits. One crucial point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the higher the opportunity to build a returning client base. A final thought is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Just how might the local average family income impact future income prospects?