Business Overview

Mutli-function automotive business
This business has been at its location for approximately 20 years in Brunswick.
Are you in the automotive industry looking to start your own business? Buy this wonderful family owned automotive body shop instead! They are looking in particular for someone to continue on the legacy and excellent reputation of this location. This a business for the accomplished entrepreneur and comes fully scheduled with jobs for months at a time. The current owners are looking to retire and are willing to offer seller financing for the good-will portion to well qualified buyers. All offers will be presented under Georgia law.

Financial

  • Asking Price: $779,799
  • Cash Flow: N/A
  • Gross Revenue: $631,135
  • EBITDA: N/A
  • FF&E: $206,000
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

retirement

Additional Info

The sale does include inventory valued at $20,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell companies. Nevertheless, the true reason vs the one they say to you may be 2 absolutely different things. As an example, they may say "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be reasons to try to hide the reality of altering demographics, increased competition, current decrease in profits, or a range of other factors. This is why it is really important that you not count entirely on a seller's word, but instead, utilize the vendor's response together with your total due diligence. This will repaint a more practical picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering items such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that revenue margins are too small. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that must be met or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area draw in brand-new consumers? Most times, operating businesses have repeat consumers, which develop the core of their everyday profits. Certain variables such as new competition growing up around the area, roadway building and construction, and staff turnover can influence repeat clients as well as adversely affect future incomes. One important thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the better the possibility to develop a returning client base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the local average family earnings effect future income potential?