Business Overview

For over 10 years, this auto repair shop specializing in diesel diagnostics has built a reputation on quality products and workmanship. The business has a strong customer base that ranges over 100-mile radius. The business has implemented successful workflows and procedures and exceeds industry profit standards. Over $200,000 of quality FF&E included in the sale.

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Financial

  • Asking Price: $995,000
  • Cash Flow: $306,357
  • Gross Revenue: $1,046,926
  • EBITDA: N/A
  • FF&E: $204,800
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2008

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:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Built to suit auto-repair building.

Is Support & Training Included:

N/A

Purpose For Selling:

Career change.

Additional Info

The venture was started in 2008, making the business 14 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people decide to sell businesses. Nevertheless, the genuine factor and the one they say to you may be 2 absolutely different things. For instance, they might say "I have too many other obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or an array of other factors. This is why it is really vital that you not depend completely on a vendor's word, yet instead, utilize the seller's answer along with your total due diligence. This will paint a more practical picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Numerous businesses finance loans in order to cover points like supplies, payroll, accounts payable, etc. Remember that occasionally this can indicate that profit margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that need to be satisfied or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area bring in new consumers? Many times, businesses have repeat customers, which create the core of their daily earnings. Specific elements such as brand-new competition sprouting up around the location, roadway building, and personnel turnover can influence repeat customers and adversely impact future profits. One essential thing to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business often, the higher the chance to develop a returning consumer base. A final thought is the basic location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Just how might the regional mean household income impact future income prospects?