Listing ID: 80924
Founded in 2015, you will be hard pressed to find an automotive shop with a better reputation than this establishment. Located on a very busy corner, however the shop is very accessible, it self contained and immaculate. This company specializes in Braker replacement and repair, suspension and exhaust. Whether the customer wants to choose stock replacement parts or upgraded components-performance mufflers, shocks, struts and performance products. In addition to the specialization, this company provides automotive services such as overall maintaining vehicles, replace belts, hoses, fluid changes, clutch and flywheel inspections and or replacements; just to name a few of the services!
- Asking Price: $950,000
- Cash Flow: $89,716
- Gross Revenue: $415,402
- EBITDA: N/A
- FF&E: $196,500
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Owned by seller. Seller would consider leasing the building back to a Buyer, if that made purchasing the business easier. Terms would be 5 year lease, $3000+NNN. Seller might also consider owner financing on the building if a Buyer purchased the business and has a fair amount of down payment. Terms would need to be negotiated.
Owner is willing to assist with transition and which can be determined between he and the Buyer.
The owner moved to Northern Idaho a couple years ago and it is just time to sell
There are many auto service shops, particularly. However, many do not have the length of time of being in business and have the reputation this company has in the community.
Growth opportunity is to focus on reaching out to past customers with service reminders, social media presence opportunities. Hire 1 more technician or perfect opportunity for an owner operator.
The business was founded in 2015, making the business 7 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell companies. Nonetheless, the genuine reason vs the one they tell you may be 2 entirely different things. For instance, they may state "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competition, current decrease in incomes, or an array of various other factors. This is why it is very important that you not count completely on a vendor's word, but rather, make use of the vendor's answer combined with your general due diligence. This will paint a much more sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of companies borrow money with the purpose of covering things such as inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that revenue margins are too tight. Lots of organisations come 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 take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that should be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in new customers? Many times, operating businesses have repeat clients, which form the core of their daily revenues. Particular aspects such as brand-new competitors sprouting up around the location, road construction, and personnel turn over can impact repeat clients as well as adversely influence future revenues. One essential thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business often, the better the opportunity to develop a returning client base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? How might the regional average family earnings impact future revenue potential?