Listing ID: 80624
Well established with fantastic name recognition for both renting and selling quality
cars and campers. Includes a great website for renting cars and a very valuable dealer license for buying unlimited used cars at the Oahu auction. The seller has been sourcing cars this way since 2003 without restrictions due to the sellers positive score. The license is International allowing the seller to buy cars anywhere in US, Mexico, or Canada.
- Asking Price: $700,000
- Cash Flow: $185,438
- Gross Revenue: $1,245,974
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $200,000
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:200
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
200 sq ft office, 2 storage sheds ~200 sq ft, 2 storage containers ~400 sq ft, mechanic shop ~400 sq ft.
The company was established in 2012, making the business 10 years old.
The deal will include inventory valued at $200,000, which is included in the suggested price.
The company has 0 employees and is located in a building with disclosed square footage of 200 sq ft.
The real estate is leased by the company for $5,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. Nevertheless, the genuine reason and the one they say to you might be 2 absolutely different things. For instance, they may say "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be reasons to attempt to conceal the reality of altering demographics, increased competition, current reduction in revenues, or a variety of other reasons. This is why it is really important that you not count completely on a vendor's word, however rather, use the vendor's response in conjunction with your general due diligence. This will repaint a much more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies borrow money in order to cover points like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that earnings margins are too tight. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally 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 vendors that must be fulfilled or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new customers? Many times, businesses have repeat customers, which develop the core of their daily profits. Certain aspects such as new competitors sprouting up around the location, roadway building and construction, and also personnel turn over can affect repeat consumers and also adversely influence future incomes. One vital thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the greater the possibility to develop a returning client base. A final thought is the basic area demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? Just how might the regional median household income influence future income prospects?