Listing ID: 79379
This Automotive Repair Shop has been Established since 2013 and Located in a large 3000 sq ft facility with 3 large bays, on a busy newly renovated highway. Their car count and visibility has increased substantially. They specialize in both import and domestic repairs and strive to be the leaders in customer service. All services are performed by certified technicians who utilize all modern diagnostic equipment. Ensuring your car is started and completed in a timely manner. You also have the assurance of a Nationwide Parts and Labor warranty and Roadside Assistance on all services they provide, backed by the Federated Car Care Program. Their services include Air Conditioning, Brake Service, Belts and Hoses, Batteries, Starting and Charging Systems to full engine and transmission repairs and everything in between. They also have a fully stocked car stereo shop and custom rim shop. They carry all major brands and have a knowledgeable and experienced staff to get the job done right. Please refer to listing 7301853580, Business Broker John Devries 772 260-7647 when you inquire about this listing.
- Asking Price: $180,000
- Cash Flow: $46,032
- Gross Revenue: $230,158
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $15,000
- Inventory Included: Yes
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 3,800 Square Footage: 3,000 Building Type: COMMERCIAL Terms & Options: NEGOTIABLE Expiration Date: 1/1/2027
2 weeks training at no cost
Non Compete : Miles: 20 Years: 2
The venture was started in 2013, making the business 9 years old.
The transaction shall include inventory valued at $15,000, which is included in the requested price.
The company has 2 employees and resides in a building with approx. square footage of 3,000 sq ft.
The real estate is leased by the business for $3,800 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell operating businesses. However, the true factor vs the one they say to you may be 2 absolutely different things. As an example, they might state "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competition, current reduction in incomes, or a range of other reasons. This is why it is very vital that you not rely absolutely on a seller's word, but rather, make use of the seller's solution combined with your overall due diligence. This will paint a much more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money with the purpose of covering points like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that earnings margins are too small. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be fulfilled or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new customers? Most times, operating businesses have repeat clients, which create the core of their daily profits. Particular elements such as brand-new competition growing up around the location, road building and construction, and also personnel turn over can affect repeat consumers and negatively influence future incomes. One vital thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the greater the opportunity to construct a returning client base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Exactly how might the regional typical home income effect future earnings potential?