Business Overview

• Automotive shop for sale in Golden with increasing sales and lots of potential
• The shop made over $100,000 more in revenue from the previous year so there is
a great opportunity for growth and expansion.
• Shop has hundreds of thousands of dollars worth of equipment and tools that
comes with the business
• Business is currently open 4-5 business days a week and never on weekends while
spending very little on marketing
• New owner can quickly come in to increase sales by a good marketing strategy,
opening on the weekends, and utilizing the extra lifts not being used
• Business name, financials, and equipment list will be shared with a signed NDA

Financial

  • Asking Price: $1,500,000
  • Cash Flow: N/A
  • Gross Revenue: $613,835
  • EBITDA: $155,469
  • FF&E: $333,118
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1986

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,800
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Building was built in 1977 and is in fine condition. There are 20 parking spaces that are for this building and this business has a few drive-in doors as well. All equipment and tools necessary to run the business are included in the sale. Lease is currently month-to-month and a new lease will be executed with the landlord. Tenant pays for utilities (about $237/month-$268/month) and trash removal ($99/month).

Is Support & Training Included:

Seller can stay and help train the buyer for at least a few weeks.

Purpose For Selling:

Retirement

Pros and Cons:

There are a handful of other automotive shops in the area, but none give customers a clean and inviting environment for customers while providing the highest level of service that keeps customers returning.

Opportunities and Growth:

Shop is currently closed every weekend and sometimes on Friday. There is also very little marketing that is done. A buyer can come in, expand hours into the weekend, and push more marketing to increase revenue quickly.

Additional Info

The company was founded in 1986, making the business 36 years old.

The business has 2 employees and is located in a building with approx. square footage of 4,800 sq ft.
The real estate is leased by the company for $3,700 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell businesses. Nevertheless, the real reason vs the one they tell you might be 2 completely different things. As an example, they might claim "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in incomes, or a variety of other reasons. This is why it is very vital that you not depend totally on a vendor's word, but instead, use the vendor's answer in conjunction with your total due diligence. This will paint a more practical image of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that profit margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations 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 must be satisfied or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in brand-new consumers? Many times, operating businesses have repeat consumers, which create the core of their everyday profits. Specific elements such as brand-new competition sprouting up around the area, road building, and also employee turnover can influence repeat clients and also negatively impact future profits. One crucial point to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the possibility to build a returning client base. A final thought is the general area demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? Just how might the neighborhood mean household earnings impact future income prospects?