Listing ID: 76394
One of the best specialty automotive repair shops with two locations in the Denver Metro Area is for sale. The business has been operating successfully for over 15 years in the same two locations, something achieved by less than 10% of all businesses! The company is known in the community for quality work, honesty, and fair prices. The business has an experienced staff and is run semi-absentee. The buyer also has the option to purchase the two pieces of ideal real estate along with the business, valued at $2.2M and $1.2M.
This business is lender pre-qualified.
Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! At Transworld Business Advisors, we are the most active business brokerage in the country – listing and selling the most businesses in the state. Get added to our buyer list today to receive notifications as businesses with your criteria hit the market!
- Asking Price: $1,150,000
- Cash Flow: $511,226
- Gross Revenue: $2,226,019
- EBITDA: N/A
- FF&E: $80,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
The Business operates in a specialized auto repair shop with all necessary fixtures and equipment and 5000 sqft.
Yes, 4 weeks.
The deal shall include inventory valued at $10,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. Nevertheless, the genuine factor vs the one they tell you might be 2 totally different things. As an example, they might say "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 transforming demographics, increased competitors, current decrease in profits, or an array of various other factors. This is why it is really vital that you not rely totally on a vendor's word, yet rather, use the vendor's response together with your total due diligence. This will repaint an extra realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Many operating businesses borrow money with the purpose of covering things like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that earnings margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new clients? Often times, operating businesses have repeat clients, which form the core of their everyday earnings. Particular elements such as new competition growing up around the area, roadway building, and staff turn over can influence repeat customers as well as negatively affect future profits. One crucial thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business often, the higher the chance to build a returning customer base. A last thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Just how might the local average family earnings influence future earnings potential?