Listing ID: 74976
This is your opportunity to own a highly profitable, well-established full-service auto repair business located in one of the fastest-growing areas in the country! This flourishing shop offers a full range of routine repairs on autos, RV’s, and large trucks. It has it all: 19 service bays, top of the line equipment, highly trained staff, ASE Blue Seal of Excellence, designated Motorcraft Preferred Shop, Bosch Certified, a “Top Shop” affiliate with the AAA network and is recognized by the BBB for demonstrating a commitment to excellence, integrity, and transparency. The location is ideal and has a highly favorable lease with room to expand operations. In addition, there are other revenue streams bringing in substantial profit from rentals. All equipment and furnishings are included in the sale, excluding inventory. Don’t miss out on this one!
- Asking Price: $1,200,000
- Cash Flow: $365,609
- Gross Revenue: $1,992,171
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2014, making the business 8 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell businesses. Nonetheless, the genuine reason and the one they tell you may be 2 absolutely different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in profits, or a variety of various other reasons. This is why it is extremely important that you not depend absolutely on a seller's word, however instead, utilize the seller's solution along with your total due diligence. This will repaint a much more sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans with the purpose of covering items such as stock, payroll, accounts payable, etc. Remember that sometimes this can imply that revenue margins are too small. Lots of companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. 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 penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new consumers? Often times, operating businesses have repeat consumers, which form the core of their day-to-day profits. Specific aspects such as new competition growing up around the area, road construction, and personnel turn over can affect repeat clients and negatively influence future incomes. One essential point to take into consideration is the location 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 often, the better the chance to construct a returning customer base. A last thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? How might the regional average family earnings influence future revenue prospects?