Listing ID: 76119
Contract didn’t work out – back on the market! This well established auto collision and body shop has an excellent reputation for quality workmanship and honesty.in pricing repairs. It is highly regarded in the community having earned trust and respect since established in the 90’s. The clientele should stay with the business if new owner is proficient in repairs. Everything is in place for a new owner to take over. right away. real estate, business + equipment for 625K
- Asking Price: $625,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $40,000
- Inventory: $8,000
- Inventory Included: Yes
- Established: 1984
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:2,560
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Located in an area that is perfect for a shop. Real estate, business and equipment for 625K
There is very little competition to this collision shop
Present owner does not advertise.
The business was established in 1984, making the business 38 years old.
The sale does include inventory valued at $8,000, which is included in the requested price.
The business has 2 employees and is located in a building with estimated square footage of 2,560 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell operating businesses. However, the real factor vs the one they say to you may be 2 entirely different things. As an example, they might claim "I have too many various obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these might simply be justifications to attempt to hide the reality of altering demographics, increased competition, current decrease in revenues, or a range of various other reasons. This is why it is extremely vital that you not rely completely on a seller's word, however rather, make use of the vendor's response in conjunction with your overall due diligence. This will repaint an extra reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover items such as supplies, payroll, accounts payable, etc. Remember that sometimes this can imply that revenue margins are too tight. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be met or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in new customers? Most times, operating businesses have repeat consumers, which form the core of their everyday revenues. Specific aspects such as new competitors sprouting up around the area, road building and construction, and employee turnover can impact repeat customers and also negatively impact future revenues. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the better the opportunity to build a returning client base. A last idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the local mean household earnings effect future income prospects?