Listing ID: 77409
Listing # – 5154 JR
Star smog & auto repair shop with DMV auto registration and DUI Breathalyzer Calibration has been established in 2017.
Providing complete quality automotive repair, this shop services and repairs all makes and models of vehicles which has developed a large local customer base of repeat business.
The shop has repeat business from local used car dealers in the area plus many luxury car owners; the shop does about 150 smogs per month and is known for doing luxury car smog many are referred by other luxury car owners.
Located in a prime area and situated in a 1450 sq. ft. unit with easy in and out access and plenty of parking.
The shop has all the equipment to do a quick, efficient, and professional job; this is an ideal turn-key opportunity for an experienced automotive mechanic looking to acquire his own business.
Seller willing to train buyer.
On the DMV Auto Registration, DMV will train the buyer, which has the potential to do really well with the used car dealers who bring the cars in for smog.
Call me today to arrange an appointment to take a close look at the business.
- Asking Price: $120,000
- Cash Flow: $104,000
- Gross Revenue: $190,000
- EBITDA: N/A
- FF&E: $60,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,450
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Moving Out of State
The business was founded in 2017, making the business 5 years old.
The building is leased by the business for $2,088 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell companies. Nevertheless, the real factor vs the one they tell you may be 2 absolutely different things. As an example, they may say "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may simply be justifications to try to hide the reality of transforming demographics, increased competition, current reduction in incomes, or a variety of other reasons. This is why it is really essential that you not count entirely on a vendor's word, but instead, utilize the seller's solution in conjunction with your general due diligence. This will repaint a much more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans in order to cover points like supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that earnings margins are too thin. Numerous organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that must be met or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new clients? Many times, businesses have repeat consumers, which develop the core of their everyday revenues. Certain elements such as brand-new competition growing up around the area, road construction, as well as personnel turn over can impact repeat consumers as well as negatively affect future earnings. One crucial point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the higher the opportunity to build a returning consumer base. A last thought is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? How might the regional mean household income influence future income prospects?