Listing ID: 74891
1 bay 1 lift auto shop in a rapidly growing part of the valley. Established and loyal customer base & great reviews on Google and Yelp. Looking for a hands on owner operator that is looking to grow the business. For more info call GoldStar Business Brokers.
- Asking Price: $141,000
- Cash Flow: $61,200
- Gross Revenue: $194,506
- EBITDA: N/A
- FF&E: N/A
- Inventory: $1,000
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
1 bay, 1 lift auto repair shop
The business was started in 2015, making the business 7 years old.
The transaction doesn't include inventory valued at $1,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell operating businesses. Nonetheless, the genuine factor vs the one they tell you might be 2 completely different things. For instance, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be excuses to try to hide the reality of changing demographics, increased competitors, current decrease in earnings, or a variety of various other reasons. This is why it is extremely important that you not count entirely on a vendor's word, but instead, make use of the vendor's answer combined with your overall due diligence. This will repaint an extra realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover things like stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that revenue margins are too tight. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that have to be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract new clients? Many times, companies have repeat clients, which develop the core of their everyday earnings. Certain variables such as new competition growing up around the location, roadway construction, and also employee turn over can affect repeat consumers and also adversely affect future incomes. One important thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business often, the better the chance to develop a returning client base. A last idea is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? How might the local average home earnings effect future revenue prospects?