Listing ID: 76557
This business, which has been in business for 35 years, specializes in Audi-VW maintenance and repair, resolving the problems that other shops are unable to accomplish. They use state-of-the-art software and tools to solve the most difficult problems with a determined intensity. The business is equipped to address all aspects of Audi-VW services. They have a robust client and industry reputation focused emphasis on customer service, communication, and quality workmanship and are currently the only automotive service facility in Boulder and surrounding counties that exclusively service VW, especially the Vanagon.
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- Asking Price: $150,000
- Cash Flow: $148,041
- Gross Revenue: $466,666
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1987
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Commercial building with 1,540 sqft.
Yes, 4 weeks.
The company was established in 1987, making the business 35 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell businesses. Nonetheless, the true factor vs the one they say to you might be 2 absolutely different things. For instance, they might state "I have too many various obligations" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competitors, recent decrease in revenues, or a range of other factors. This is why it is extremely important that you not depend entirely on a seller's word, however rather, make use of the vendor's solution together with your total due diligence. This will paint a much more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money so as to cover points like supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that earnings margins are too thin. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be satisfied or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in brand-new customers? Many times, businesses have repeat customers, which create the core of their daily earnings. Specific aspects such as brand-new competition growing up around the area, road building and construction, and also personnel turn over can influence repeat customers and adversely affect future incomes. One crucial thing to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the chance to construct a returning consumer base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Just how might the local mean home earnings impact future revenue prospects?