Listing ID: 81259
Business Overview
Great opportunity for an auto body specialist looking to work for yourself! This is a fully equipped mobile auto body vehicle with over 70k in new equipment and inventory! Ready to start doing body and paint work right away. Vehicle is customized ambulance with custom paint racks, new sprayers, computer for paint mixing, air compressor, new hoses and many many new tools! Owner will assist for two weeks in setting up accounts. You will be ready to start running this business right away. *Asset Sale*
Financial
- Asking Price: $60,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $40,000
- Inventory: $50,000
- Inventory Included: Yes
- Established: N/A
2 weeks
manages another business
Additional Info
The deal shall include inventory valued at $50,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. However, the real reason and the one they tell you may be 2 entirely different things. As an example, they may say "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competitors, recent reduction in revenues, or a variety of other factors. This is why it is really important that you not depend totally on a vendor's word, yet rather, use the seller's response in conjunction with your total due diligence. This will paint a much more realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many businesses take out loans in order to cover things like supplies, payroll, accounts payable, and so on. Remember that in some cases this can suggest that profit margins are too small. Many organisations 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 think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be fulfilled or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract brand-new customers? Often times, operating businesses have repeat customers, which create the core of their everyday revenues. Particular aspects such as brand-new competitors growing up around the location, road construction, as well as staff turnover can influence repeat clients and adversely affect future incomes. One crucial point to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the better the chance to build a returning consumer base. A last thought is the basic area demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Exactly how might the local median family income impact future earnings potential?
