Listing ID: 81441
Business Overview
The company offers tire sales and a wide range of services from oil changes to complete engine overhaul. High-tech diagnostic equipment is used to guarantee vehicles are repaired and/or serviced correctly the first time around. Only high quality replacement parts, filters, oils and components are used. Excellent reputation, established for decades, repeat customer base. Opportunity for a new owner to manage their own established, successful company or a great add-on for a similar company to purchase for multiple service locations. Skilled employees in place.
% of Revenue:
Tire Sales – 50%
Auto Repair – 50%
Asking Price:
Business: $300,000 + Inventory
Real Estate: $250,000
Financial
- Asking Price: $300,000
- Cash Flow: $126,702
- Gross Revenue: $771,701
- EBITDA: N/A
- FF&E: N/A
- Inventory: $40,000
- Inventory Included: N/A
- Established: 1973
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Located in a high traffic location.
Seller will train for a smooth transition.
Retirement
Additional Info
The company was established in 1973, making the business 49 years old.
The transaction won't include inventory valued at $40,000*, which ins't included in the listing price.
The company has 5 employees and resides in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell businesses. Nonetheless, the genuine reason and the one they tell you might be 2 totally different things. As an example, they may say "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in revenues, or a variety of other reasons. This is why it is very crucial that you not depend totally on a vendor's word, but instead, make use of the seller's answer along with your general due diligence. This will paint a much more realistic image of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses take out loans in order to cover items such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that earnings margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be fulfilled or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract brand-new customers? Many times, companies have repeat clients, which form the core of their everyday profits. Specific elements such as brand-new competition growing up around the area, road building, as well as personnel turn over can affect repeat clients and negatively influence future revenues. One important thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the greater the chance to construct a returning client base. A last thought is the general location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Just how might the local typical home income impact future revenue prospects?
