Listing ID: 74850
Schultz Off-Road is a Premium Retailer for all things off road. They are the leading name in the Coachella Valley’s off-road community. Using only top quality well-trusted brands they strive to ensure that your ride is running at peak performance. That is why they offer a full range of services including in- house Design & Fabrication, Suspension, Wheels & Tires, Utv Performance parts & accessories. Their team of automotive craftsmen can make any customers dream a reality. They also offer basic maintenance to keep your ride running strong. Their team of technicians can handle your Truck, Jeep, Utv Accessories & Performance Upgrades, keeping your vehicle ready for any terrain. Whether their customers are looking to make a couple upgrades, build out an entire vehicle or looking for someone they can trust with the important maintenance on your ride, Schultz Motorsports has the experience and training to keep customers on the road, dirt, dune or asphalt. Please call broker for more details on this exciting opportunity and to arrange a showing
- Asking Price: $495,000
- Cash Flow: $192,631
- Gross Revenue: $973,201
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:8,000
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Large 8,000 Sq Ft space with showroom, office and work area. Parking on site.
Will train for an agreed amount of time for a smooth transition.
Other business interest.
The business was started in 2016, making the business 6 years old.
The company has 5 employees and resides in a building with approx. square footage of 8,000 sq ft.
The property is leased by the company for $6,611 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell operating businesses. Nevertheless, the true reason and the one they tell you may be 2 totally different things. For instance, they might claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may just be excuses to attempt to hide the reality of altering demographics, increased competition, recent reduction in revenues, or an array of other factors. This is why it is extremely important that you not count absolutely on a seller's word, yet instead, utilize the vendor's response in conjunction with your general due diligence. This will paint a much more realistic picture of the business's current scenario.
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 offer. Numerous operating businesses finance loans so as to cover items like supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that profit margins are too small. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that need to be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract brand-new customers? Often times, businesses have repeat consumers, which form the core of their day-to-day profits. Specific factors such as brand-new competitors sprouting up around the area, road building and construction, as well as staff turnover can impact repeat customers and negatively affect future incomes. One vital thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the greater the chance to build a returning consumer base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? How might the neighborhood median family income influence future earnings prospects?