Business Overview

After 22yrs, the business opportunity of Walt’s Service, Amherst, NH is for sale. Walt’s Service offers a reputable auto repair service and is a local favorite in the area for auto needs. With Easy access off a busy road this opportunity offers great value to new owner .Business sale includes business assets, FF&E, and Goodwill, $129,000.

Financial

  • Asking Price: $129,000
  • Cash Flow: $100,000
  • Gross Revenue: $379,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1999

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,116
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Walt's service leases 116SF, located at the Amherst Gas station

Is Support & Training Included:

Owner will assist in a 2 week transition.

Purpose For Selling:

Personal decision

Pros and Cons:

Popular, local, successful business

Opportunities and Growth:

Expand hours, increase social media exposure, create and promote with a website

Additional Info

The business was started in 1999, making the business 23 years old.

The company has 2 employees and resides in a building with estimated square footage of 1,116 sq ft.
The real estate is leased by the business for $2,700 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell companies. Nevertheless, the true reason vs the one they tell you might be 2 absolutely different things. As an example, they might claim "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be excuses to try to hide the reality of altering demographics, increased competition, current decrease in profits, or a variety of various other reasons. This is why it is really essential that you not depend totally on a seller's word, but rather, utilize the seller's response combined with your total due diligence. This will paint a more reasonable picture of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans in order to cover items such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can indicate that earnings margins are too small. Many companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be fulfilled or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in new consumers? Most times, businesses have repeat customers, which develop the core of their everyday revenues. Particular aspects such as new competition sprouting up around the area, road building, as well as personnel turn over can influence repeat consumers and also negatively influence future incomes. One vital point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business often, the higher the possibility to construct a returning consumer base. A final idea is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Just how might the local mean home earnings influence future earnings prospects?