Listing ID: 79046
This very successful business was founded in 1982 providing top of the line performance parts, suspension upgrades, wheels, tires & more to their customers.
The business with yearly sales consistently over a MILLION DOLLORS caters to customers looking to make their ride run better, look better or perform better and are well known throughout New England. Customers travel a surprising distance to get their rides customized. Business operations continued thru the pandemic and sales show excellent numbers!
This is a rare turnkey business with a record of stable income with opportunity for exponential growth.
The business is well located and situated on a beautiful piece of real estate. THE REAL ESTATE IS ADVAILABE FOR PURCHASE!!!! Don’t miss out on this wonderful business opportunity.
- Asking Price: $359,000
- Cash Flow: N/A
- Gross Revenue: $1,289,466
- EBITDA: $127,951
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1982
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:6,400
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Retail space with 3 bay garage...like new condition and lots of parking
Will provide what is needed for a smooth transition.
With an advertising campaign with social media... you should see a nice increase in sales.
The business was started in 1982, making the business 40 years old.
The business has 2-FT...1-PT employees and resides in a building with estimated square footage of 6,400 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell companies. Nonetheless, the genuine reason vs the one they tell you might be 2 completely different things. For instance, they might say "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competition, recent decrease in incomes, or a range of other reasons. This is why it is very vital that you not count entirely on a seller's word, but rather, use the vendor's response combined with your general due diligence. This will paint a much more sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Lots of businesses take out loans in order to cover things such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that profit margins are too small. Lots of organisations fall into 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 may have existing agreements with vendors that must be met or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract brand-new consumers? Most times, companies have repeat consumers, which develop the core of their day-to-day revenues. Certain elements such as new competitors growing up around the location, road construction, and employee turnover can affect repeat consumers and negatively impact future earnings. One vital thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the greater the possibility to develop a returning customer base. A last thought is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood average household earnings impact future income prospects?