Listing ID: 81150
LOOKING FOR A NEW SHOP–THIS IS THE ANSWER.
YOU CAN BE THE BOSS WITH THIS ESTABLISHED AUTO TRUCK AND TUNE BUSINESS. REAL ESTATE INCLUDED WITH SMALL ONE BED ROOM LIVING QUARTERS.
3 BAYS 2 WITH LIFTS. TURN KEY WITH CURRENTLY 2 FULL TIME MECHANICS.
LOTS OF UP SIDE HERE.
CURRENTLY ON SITE SALE OF METAL BUILDINGS AND COVERS.
- Asking Price: $298,500
- Cash Flow: $116,000
- Gross Revenue: $175,000
- EBITDA: $22,000
- FF&E: $75,000
- Inventory: $3,000
- Inventory Included: N/A
- Established: 1955
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:1,250
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
3 BAY SHOP WITH 1 BED ROOM LIVING AREA IN REAR.
YES AS MUCH AS NEEDED
SMALL SHOP WITH POTENTIAL TO BUILD MORE BUSIENSS
UP GRADING AND ADVERTISING TO BRING IN MORE BUSINESS
The company was established in 1955, making the business 67 years old.
The deal doesn't include inventory valued at $3,000*, which ins't included in the asking price.
The company has 2 employees and resides in a building with disclosed square footage of 1,250 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. Nevertheless, the genuine reason and the one they say to you might be 2 totally different things. For instance, they might claim "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, recent decrease in profits, or a variety of other factors. This is why it is really crucial that you not count totally on a vendor's word, but rather, use the vendor's solution combined with your total due diligence. This will paint a more practical image of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Lots of companies borrow money with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that revenue margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new clients? Often times, businesses have repeat clients, which develop the core of their day-to-day revenues. Particular variables such as brand-new competition growing up around the area, roadway construction, as well as staff turn over can impact repeat consumers and negatively affect future revenues. One vital point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the greater the chance to develop a returning client base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Just how might the local median home income effect future earnings prospects?