Business Overview

Mechanic shop with three bays, fully equipped and full-service shop. Updated equipment.
extra space on the lot to sell used cars. Two businesses in one. Tampa location is close to downtown and expressway.

Financial

  • Asking Price: $199,900
  • Cash Flow: $109,507
  • Gross Revenue: $730,050
  • EBITDA: N/A
  • FF&E: $180,000
  • Inventory: $2,000
  • Inventory Included: Yes
  • Established: 2012

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,800
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Three bays fully equipped

Is Support & Training Included:

14 days

Purpose For Selling:

ask seller

Pros and Cons:

Tampa and Ybor City is booming which brings many cars to the area that need service.

Opportunities and Growth:

Add another mechanic and offer oil change specials, to bring in more traffic to the shop. Ybor and surrounding area are changing, and a lot of new apartments and condominiums are being built in the area.

Additional Info

The venture was established in 2012, making the business 10 years old.
The sale shall include inventory valued at $2,000, which is included in the suggested price.

The company has 2 employees and resides in a building with approx. square footage of 1,800 sq ft.
The real estate is leased by the company for $3,700 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell businesses. However, the genuine factor and the one they tell you may be 2 completely different things. For instance, they might say "I have a lot of other commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competitors, recent decrease in profits, or a range of various other reasons. This is why it is very important that you not count entirely on a vendor's word, however instead, make use of the vendor's solution along with your total due diligence. This will paint an extra reasonable image of the business's current situation.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover items like supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that earnings margins are too thin. Many businesses come 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 equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be met or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area attract brand-new clients? Most times, companies have repeat clients, which create the core of their daily profits. Particular aspects such as new competition sprouting up around the location, roadway building, as well as employee turnover can influence repeat customers and adversely influence future incomes. One vital point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the greater the possibility to build a returning customer base. A last idea is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? How might the local median home earnings impact future income potential?