Listing ID: 81018
This auto service shop facility is a stand alone property in Greater Las Vegas Nevada. The real property as well as the assets of the auto service business may be acquired for approximately $1.575m. Contact The Pacific Group for additional information.
- Asking Price: $1,575,000
- Cash Flow: N/A
- Gross Revenue: $750,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Retiring from the Industry
The company was founded in 2000, making the business 22 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell companies. Nevertheless, the genuine reason and the one they say to you may be 2 entirely different things. For instance, they may claim "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competition, current decrease in profits, or an array of other reasons. This is why it is very important that you not rely totally on a seller's word, yet instead, use the vendor's response combined with your total due diligence. This will paint a more realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies borrow money in order to cover points such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that revenue margins are too small. Many companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be fulfilled or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in brand-new consumers? Most times, businesses have repeat clients, which create the core of their everyday profits. Certain factors such as brand-new competition sprouting up around the area, roadway construction, and personnel turnover can impact repeat consumers as well as negatively affect future profits. One vital thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the better the chance to build a returning client base. A final thought is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Just how might the regional average home earnings influence future income prospects?