Listing ID: 77330
Business Overview
This is a tremendous opportunity for someone looking to get out of the 9-5 routine and run their own business that is
turning a very healthy profit. The revenue line here has been increasing since inception. Comes with an advanced
security system protecting all assets on the lot. Also equipped with an in house detailing and mechanic team so
everything is streamlined and cost effective. Fully operational and user friendly website. Solid reviews. 100% turn-key
operation. Everything is in place for a new owner to take over and have continued success. Inventory is not included in
the price.
SBA pre-qualified for a Strong buyer = good collateral coverage (house with equity), good down payment and cash reserve and strong direct industry experience and good FICO. Up to 85-90% financing.
Currently selling an average of 2 cars per day. Sold over 80 cars in the month of March this year!!
Equipment Included:
-4 computers
-Security System with 16 cameras
-Comprehensive lighting system
-Brake Lathe
-AC Machine-Recover vacuum and recharge AC
-Autel Maxisys 908P
-Misc. mechanical equipment
-2 Transmission Hoists
-1 Cherry Picker
-Ross-tech Vag-com Software(laptop included)
-Pressure Washer
-3 awnings
-Detailing equipment
-Dyno-torque
-5 lifts, 1 being a drive-on lift
Seller willing to finance 10%-15%.
Financial
- Asking Price: $560,000
- Cash Flow: $347,528
- Gross Revenue: $4,058,358
- EBITDA: N/A
- FF&E: $120,000
- Inventory: $550,000
- Inventory Included: N/A
- Established: 2014
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
4 weeks
change of interest
Additional Info
The business was started in 2014, making the business 8 years old.
The transaction doesn't include inventory valued at $550,000*, which ins't included in the suggested price.
The company has 9 employees and is located in a building with estimated square footage of 5,000 sq ft.
The property is leased by the company for $7,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell operating businesses. Nevertheless, the real factor and the one they tell you might be 2 absolutely different things. As an example, they might claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competitors, recent decrease in revenues, or an array of other reasons. This is why it is extremely important that you not depend completely on a vendor's word, however rather, make use of the seller's solution together with your total due diligence. This will repaint a much more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover points like supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that revenue margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that have to be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in new clients? Many times, operating businesses have repeat clients, which form the core of their daily revenues. Particular variables such as brand-new competitors sprouting up around the location, road building and construction, and staff turnover can impact repeat clients and also adversely affect future revenues. One essential point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the higher the chance to develop a returning client base. A last idea is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the neighborhood average household earnings impact future revenue potential?
