Listing ID: 81085

Business Overview

This profitable and well-established auto mechanic and performance center has 5 bays, 3 lifts (2 10,000-pound 2 post, 1 drive on 14,000-pound 4 post) and has many repeat customers including fleet account relationships.
Seller is ready to retire and move out of state.
Support and Training will be outstanding ensuring a smooth transition.
The seller states that the experienced and dedicated staff will all be willing to stay on with the new owner of this business. For more information including a detailed confidential opportunity summary with financial information and photos, please use the form on this page to request more information and the NDA will be emailed to you right away. For a quick response to your inquiry, please email listing agent Trent Lee (RE# S.0183611.LLC; Business Broker Permit# BUSB.0006978) at trent@fcbb.com.

Financial

  • Asking Price: $99,000
  • Cash Flow: $70,225
  • Gross Revenue: $333,754
  • EBITDA: N/A
  • FF&E: $30,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,000
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 5,000 square feet with a Total Monthly Rent of $4,750. Lease ends 6/2022 with one 3-year option. Seller is active with 2 FT employees. Hours of operation are 7AM – 5PM Tuesday – Friday. $30,000 in FF&E not included in Asking Price. Mechanic/garage license and bond License Required.

Is Support & Training Included:

14 Days

Purpose For Selling:

Seller is retiring and moving out of state.

Additional Info

The business was founded in 2007, making the business 15 years old.

The business has 2 FT employees and resides in a building with estimated square footage of 5,000 sq ft.
The property is leased by the business for $4,750 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell companies. Nevertheless, the real factor vs the one they tell you might be 2 completely different things. For instance, they may claim "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competitors, recent decrease in profits, or a range of various other factors. This is why it is very vital that you not depend entirely on a vendor's word, however rather, use the vendor's solution combined with your general due diligence. This will repaint a much more practical picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that profit margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in new customers? Often times, businesses have repeat clients, which create the core of their daily earnings. Certain factors such as brand-new competition sprouting up around the area, roadway building and construction, and also employee turn over can influence repeat customers and also adversely influence future revenues. One important thing to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the higher the chance to construct a returning client base. A last thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Exactly how might the local average home earnings influence future revenue prospects?