Business Overview

This owner absentee business is a designer, fabricator, and installer of aftermarket auto performance systems located in Colorado. The Business has a great reputation serving clients locally and internationally. With little to no local competition, the opportunities to expand and increase revenue are numerous. The company has strong relationships with distributors and large clients that come to them due to their high quality and exceptional service. This is a turn-key opportunity with quality staff in place and a seller that is willing to train the new owner.

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  • Asking Price: $545,000
  • Cash Flow: $145,062
  • Gross Revenue: $918,804
  • FF&E: $450,700
  • Inventory: $100,000
  • Inventory Included: Yes
  • Established: 2002

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:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Auto-shop with 10,080 sqft.

Is Support & Training Included:

Yes, 4 weeks.

Purpose For Selling:

Other Businesses.

Additional Info

The business was founded in 2002, making the business 20 years old.
The deal does include inventory valued at $100,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell companies. However, the genuine factor and the one they say to you may be 2 completely different things. As an example, they may say "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, current decrease in profits, or a variety of various other factors. This is why it is really crucial that you not count entirely on a vendor's word, yet rather, make use of the seller's response along with your total due diligence. This will repaint an extra practical picture of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering things such as stock, payroll, accounts payable, and so on. Remember that sometimes this can mean that profit margins are too small. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location attract new consumers? Most times, operating businesses have repeat customers, which form the core of their daily profits. Specific factors such as brand-new competition growing up around the location, road construction, and also personnel turn over can impact repeat consumers and adversely impact future incomes. One vital thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the better the opportunity to build a returning customer base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the regional average household income impact future income prospects?