Business Overview

Auto Repair Center. Owner retiring. This is a full-service automotive center with five bays and located in a high density area. Large 4200 square building located on .67 of an acre. Exceptionally clean warehouse and outstanding reputation for service, honesty and dependability service of all types of auto repair. Shop fully equipped and Seller will assist new owner in transition. This Center is new to the market. Please refer to listing # 401927436 and ask for business broker JERRY VAN AUSDALL when inquiring. Thank You!

Financial

  • Asking Price: $975,000
  • Cash Flow: $107,517
  • Gross Revenue: $415,047
  • EBITDA: N/A
  • FF&E: $115,000
  • Inventory: $2,500
  • Inventory Included: Yes
  • Established: 2004

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:4,200
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Square Footage: 4200 Building Type: CBC

Is Support & Training Included:

Two weeks of training at no cost

Purpose For Selling:

Retirement

Pros and Cons:

Several repair businesses in the 3 mile radius.

Opportunities and Growth:

Business is expanding via word of mouth.

Additional Info

The venture was founded in 2004, making the business 18 years old.
The transaction will include inventory valued at $2,500, which is included in the listing price.

The company has 2FT/1MGR employees and is situated in a building with disclosed square footage of 4,200 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell operating businesses. However, the real reason vs the one they say to you may be 2 completely different things. As an example, they might state "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or an array of various other factors. This is why it is really crucial that you not count absolutely on a seller's word, but instead, make use of the vendor's response in conjunction with your total due diligence. This will repaint a much more realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering items such as stock, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that earnings margins are too small. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that have to be satisfied or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in new consumers? Often times, operating businesses have repeat consumers, which create the core of their daily earnings. Specific variables such as brand-new competitors sprouting up around the location, roadway building and construction, as well as staff turn over can influence repeat consumers as well as negatively impact future profits. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business regularly, the higher the chance to develop a returning customer base. A last idea is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? How might the neighborhood typical house income influence future revenue prospects?