Listing ID: 79243
Very well established auto dealership and body shop business. Excellent reputation and loyal client base. Company buys cars from auction platforms, such as Copart, Manheim, IAA, etc., makes the major repairs and sells them thru eBay. 400 cars available at an additional price. Business has everything to make any repair including paint, mechanic, engine, transmission and electronic. 2021 numbers are based on January – November. For more information please submit the NDA, financial statement and bio.
- Asking Price: $3,000,000
- Cash Flow: N/A
- Gross Revenue: $5,942,977
- EBITDA: $809,724
- FF&E: $250,000
- Inventory: $4,000,000
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:14,550
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Seller provides training for 2 weeks with no cost.
Other business interest
The venture was started in 2019, making the business 3 years old.
The transaction shall not include inventory valued at $4,000,000*, which ins't included in the requested price.
The business has 10 employees and resides in a building with estimated square footage of 14,550 sq ft.
The real estate is leased by the business for $17,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. Nevertheless, the genuine factor and the one they say to you may be 2 completely different things. As an example, they might state "I have too many other obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these may just be reasons to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in incomes, or a variety of various other factors. This is why it is very essential that you not depend entirely on a vendor's word, however instead, use the seller's response together with your overall due diligence. This will repaint an extra sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many companies finance loans so as to cover items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that profit margins are too small. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that should be satisfied or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new customers? Many times, businesses have repeat clients, which develop the core of their day-to-day earnings. Certain aspects such as new competitors growing up around the area, roadway building, and personnel turn over can influence repeat clients and adversely influence future earnings. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the higher the chance to develop a returning client base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Just how might the regional median household income impact future income prospects?