Business Overview

Opportunity Type: Asset, Buy-out
Location: Georgia
Industry Focus: High Performance Sport Car

OVERVIEW:
This exclusive, specialized automotive repair shop has been in business for 15 years, has a great reputation, and is located in a very well-maintained, state of the art, purpose-built building. The Company has a client base that travel from all over the State of Georgia, locally, and from surrounding states just to have their vehicles serviced here. The building is 11,993 sq. ft. with three extra wide vehicle bays, five – two post lifts, and high ceilings. The business and real estate are being sold together.

INVESTMENT HIGHLIGHTS:
• Loyal Customer Base
• State of the Art Facility

Financial

  • Asking Price: $1,782,000
  • Cash Flow: $160,657
  • Gross Revenue: $320,968
  • EBITDA: N/A
  • FF&E: $129,746
  • Inventory: $20,000
  • Inventory Included: N/A
  • Established: 2016

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:11,993
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Facility was built in 2016. 1,350 sq. ft. showroom with moveable glass wall, 10,000 sq. ft. shop, with 3 extra wide bays, 2 with extra high clearance roll up doors, 5 two post lifts. Showroom office, ADA restroom, private office with private bathroom.

Is Support & Training Included:

Seller is willing to train to ensure a smooth transition.

Purpose For Selling:

Retirement

Opportunities and Growth:

GROWTH OPPORTUNITIES: ? Adding Technicians: Additional technicians would immediately increase revenue exponentially. The flow of work already exists. Additional techs could easily maximize efficiency and lessen the delay in booking appointments out multiple weeks. ? Outbound Marketing: Establishing more of an online presence. The Company has a Facebook page but does not use it on a regular basis. Clients love updates and images of vehicles the Company is working on so by utilizing social media, they could expand the customer base and increase revenue. ? Additional Services: Adding and promoting services, such as towing and roadside assistance, could provide additional revenue streams.

Additional Info

The business was started in 2016, making the business 6 years old.
The deal won't include inventory valued at $20,000*, which ins't included in the requested price.

The company has 2 employees and resides in a building with estimated square footage of 11,993 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell companies. Nevertheless, the real reason and the one they tell you may be 2 completely different things. For instance, they may state "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be justifications to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in incomes, or an array of other reasons. This is why it is very essential that you not rely completely on a seller's word, but rather, make use of the vendor's answer together with your total due diligence. This will repaint a more sensible image of the business's present situation.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover things like supplies, payroll, accounts payable, etc. Remember that sometimes this can imply that earnings margins are too small. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that have to be met or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location attract brand-new clients? Often times, companies have repeat consumers, which develop the core of their day-to-day profits. Certain variables such as brand-new competition sprouting up around the location, road construction, and also employee turn over can affect repeat customers as well as negatively affect future incomes. One essential thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business often, the better the chance to build a returning customer base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Just how might the local typical home earnings impact future revenue prospects?