Listing ID: 76075
Turnkey, well established, unique tire sales and installation, and wheel repair business for sale. In addition to tire sales and installation, with top of the line Hunter equipment, this business repairs structural damage (i.e. bends, cracks) to rid rims/tires of vibration for the public. A profitable stand-alone business or an add-on to a new or existing auto repair business. At this point, they do very little advertising and no longer have to promote to keep business at a manageable level. They stay busy five days a week with annual gross profit has consistently exceeded $100K.
- Asking Price: $250,000
- Cash Flow: $50,000
- Gross Revenue: $120,000
- EBITDA: N/A
- FF&E: $65,000
- Inventory: $1,000
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Moving on to other things
The company was founded in 2012, making the business 10 years old.
The deal doesn't include inventory valued at $1,000*, which ins't included in the asking price.
The property is leased by the business for $3,100 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell businesses. Nonetheless, the genuine reason vs the one they say to you may be 2 absolutely different things. As an example, they might say "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competition, recent reduction in profits, or a range of other reasons. This is why it is very essential that you not rely absolutely on a vendor's word, yet rather, use the vendor's response in conjunction with your general due diligence. This will repaint a much more reasonable picture of the business's present situation.
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 deal. Lots of companies borrow money in order to cover things like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that revenue margins are too small. Numerous companies fall under 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 equipment or the building where the business resides. The business might have existing contracts with suppliers that should be satisfied or may result in charges 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 everyday profits. Certain factors such as new competitors sprouting up around the area, road building, as well as personnel turnover can impact repeat clients and also adversely impact future revenues. One essential thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the greater the opportunity to build a returning consumer base. A last thought is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the neighborhood typical home income impact future income potential?