Business Overview

This is both a Mobile Auto and Boat Detail service that comes to you or you can drop off your vehicle to their garage. It has a large following with over 1,000 clients in their CRM and a fantastic Web presence. This business specializes in high end vehicles and provides multiple services, including ceramic coating, waxing, paint correction, plus more. This business has over 1,000 followers on Facebook and Instagram, over 500 return customers, and over 140 FIVE STAR REVIEWS from these platforms. The Owner has two full-time employees and new owner can focus on managing and growing the business.

Financial

  • Asking Price: $125,000
  • Cash Flow: $60,000
  • Gross Revenue: $145,000
  • EBITDA: $60,000
  • FF&E: $10,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2020

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home Based

Is Support & Training Included:

2 week training period

Purpose For Selling:

Other Business Interests

Home Based:

This Business Is Home Based

Additional Info

The business was founded in 2020, making the business 2 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell operating businesses. Nonetheless, the real reason vs the one they say to you might be 2 totally different things. As an example, they may state "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competition, current decrease in profits, or an array of various other reasons. This is why it is extremely important that you not rely absolutely on a seller's word, however rather, use the seller's solution in conjunction with your general due diligence. This will repaint a much more practical picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans in order to cover items such as stock, payroll, accounts payable, and so on. Remember that in some cases this can indicate that revenue margins are too thin. Many businesses fall under a revolving door of taking on debt 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 equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be met or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in brand-new customers? Often times, operating businesses have repeat consumers, which form the core of their everyday revenues. Certain elements such as new competition growing up around the location, roadway building, and also employee turnover can impact repeat consumers and also negatively impact future earnings. One crucial thing 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? Clearly, the more people that see the business regularly, the greater the chance to construct a returning client base. A final thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Exactly how might the local average family earnings effect future earnings potential?