Business Overview

With a 20+ year history in complete customer satisfaction, this business has been repairing trucks and boats for fleet clients from all over the tri-state area. This profitable business includes real estate and is ready for a new owner to carry on the legacy of high-quality work at fair prices. It includes a certified factory dealer and repair licenses. All work done in house by highly trained and certified technicians. Call today for more information, this one will not last long.

Financial

  • Asking Price: $1,700,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

6 weeks

Purpose For Selling:

retirement

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell operating businesses. Nevertheless, the true factor and the one they say to you may be 2 entirely different things. As an example, they may state "I have way too many other obligations" 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 transforming demographics, increased competition, recent decrease in revenues, or a range of other factors. This is why it is very vital that you not rely totally on a vendor's word, yet instead, make use of the seller's response along with your overall due diligence. This will paint a much more realistic picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover things like supplies, payroll, accounts payable, etc. Remember that occasionally this can indicate that revenue margins are too small. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be met or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract brand-new consumers? Often times, companies have repeat consumers, which form the core of their everyday revenues. Certain variables such as brand-new competition sprouting up around the location, road building and construction, and employee turn over can affect repeat customers as well as negatively influence future profits. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the possibility to construct a returning customer base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? How might the neighborhood average family earnings effect future income prospects?