Listing ID: 76795
This is a great opportunity to own a profitable, turnkey, automotive repair shop. The business, located in the heart of a busy West Los Angeles City, specializes in both foreign & domestics cars. For the past 4 decades the business has been providing auto repairs, oil & filter changes, accident assessment and tire services to the surrounding communities. All technicians are ASE certified and dedicated to providing high quality repairs & customer service. The shop receives much of its new business from SEO optimization, online marketing, and word of mouth. All repairs come with a 1-year or 12,000-mile warranty, and the business provides customers with loaner cars and has a referral program in place. The business has additional revenue streams from subletting portions of the business location to other businesses. This is a perfect opportunity for a knowledgeable and business savvy mechanic to acquire a busy auto shop and take it to the next level! Inquire Now! Email inquiries to: firstname.lastname@example.org
- Asking Price: $295,000
- Cash Flow: $121,441
- Gross Revenue: $748,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $1,500
- Inventory Included: Yes
- Established: 1982
- 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
This business has a leased location of 6,200 square feet with a total monthly rental of $8,318. The seller is active in business with 3 IC employee. Hours of operation are 8:00 am - 5:30 pm / 8:30 am - 3:00 pm, Mon-Fri/Sat. Included in asking price are $1,500 in inventory and $100,000 in equipment and fixtures.
The company was founded in 1982, making the business 40 years old.
The deal shall include inventory valued at $1,500, which is included in the asking price.
The business has 3 IC employees and resides in a building with disclosed square footage of N/A sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell operating businesses. However, the real factor vs the one they tell you may be 2 totally different things. For instance, they may say "I have too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competitors, recent decrease in profits, or a variety of other factors. This is why it is extremely essential that you not rely entirely on a seller's word, however instead, utilize the vendor's response in conjunction with your general due diligence. This will repaint a more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money in order to cover things like supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that earnings margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be fulfilled or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in new customers? Many times, businesses have repeat clients, which develop the core of their daily profits. Certain aspects such as brand-new competition sprouting up around the area, road construction, as well as personnel turnover can impact repeat consumers and also adversely influence future incomes. One essential thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business often, the higher the opportunity to construct a returning client base. A final idea is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the regional median family income impact future income potential?