Listing ID: 77369
This is an unparalleled opportunity to own and operate a thriving specialty exhaust and fabrication muffler shop.
Experience in the auto industry is a plus but not a requirement. The current owner is willing to stay on and train a
new owner for an agreed upon time frame. A new owner would be stepping into a business that currently has a
tremendous volume of referral and repeat business. This shop is currently owned and operated by one person. A new
owner can easily grow the business immediately by hiring employees as the facilities will support it. Running this
business as owner/operator or semi-absentee can both yield a strong and expedited return on your investment. This is
the preferred muffler shop within a 30 mile radius, a new owner should expect great success.
All interested parties will
need to sign the NDA, fill out a Buyer Profile, and submit a bank statement(proof of funds) before moving to the next
SBA loan options are on the table and will be covered when appropriate.
- Asking Price: $475,000
- Cash Flow: $171,709
- Gross Revenue: $404,141
- EBITDA: N/A
- FF&E: N/A
- Inventory: $55,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:800
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The transaction shall include inventory valued at $55,000, which is included in the listing price.
The business has 1 employees and is situated in a building with disclosed square footage of 800 sq ft.
The building is leased by the business for $1,763 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell businesses. Nonetheless, the genuine reason vs the one they tell you might be 2 entirely different things. As an example, they might say "I have too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of various other reasons. This is why it is very important that you not count absolutely on a seller's word, yet instead, use the vendor's solution along with your total due diligence. This will repaint a much more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses finance loans so as to cover items such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that revenue margins are too small. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that have to be satisfied or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new customers? Most times, companies have repeat clients, which create the core of their day-to-day earnings. Certain variables such as brand-new competition sprouting up around the location, road construction, and personnel turn over can affect repeat consumers and adversely affect future revenues. One essential point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business regularly, the better the possibility to build a returning consumer base. A last thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? How might the regional average family earnings influence future revenue potential?