Business Overview

This business is a highly successful business with great growth potential and a nation-wide recognized brand. What started as a hobby in a garage has grown to be a multi-service business with average sales revenue of approximately ($665,000) six hundred and sixty five thousand dollars a year. The business is located in metro east Illinois just a few miles off a heavily traveled interstate making it easily accessible. Services offered are comprised of automotive repair and custom work including fleet maintenance, as well as towing and snow removal, and holds several exclusive contracts with businesses and municipalities. They are the experts in lift kits, diesel performance tuning and custom four-link setup. They also offer automotive services such as brakes, engines and transmissions, tires and wheels, air conditioning, shocks and suspension, diagnostic, and warranty/insurance repair. The owner is willing to support the buyer in transition, and is open to discussing ongoing support. Real estate is not included, lease available.

Financial

  • Asking Price: $1,515,000
  • Cash Flow: N/A
  • Gross Revenue: $665,000
  • EBITDA: N/A
  • FF&E: $500,000
  • Inventory: $15,000
  • Inventory Included: Yes
  • Established: 2009

Detailed Information

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

The business is located on approximately 2 acres just 3 miles from an interstate. There are three buildings with a total of ~10,000 SF. Lease is preferred. Owner is willing to entertain conversations about purchasing real estate. Real estate is not included in the stated business sale price.

Is Support & Training Included:

The owner will provide training and orderly turnover to the new owner, at future negotiated rate between buyer/seller. The owner is willing to stay on for as long as needed/desired to secure a successful transition.

Purpose For Selling:

Owner is looking to prepare for retirement.

Pros and Cons:

There is no other business that offers all of the same services. There are a couple of automotive shops located within the region that specialize in lifts and other custom work, but no one around builds mega trucks. The physical location of being near major interstates and highways gives a competitive advantage.

Opportunities and Growth:

There are significant growth opportunities such as growing the fleet contracts, selling custom accessories online, adding additional snow removal contracts, and securing towing agreements with additional entities.

Additional Info

The venture was started in 2009, making the business 13 years old.
The deal shall include inventory valued at $15,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell businesses. Nevertheless, the real factor and the one they tell you might be 2 entirely different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competition, current reduction in incomes, or an array of other factors. This is why it is very crucial that you not count completely on a vendor's word, however instead, utilize the vendor's solution combined with your total due diligence. This will paint an extra practical image of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover things such as stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that profit margins are too thin. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be met or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract new clients? Often times, companies have repeat clients, which create the core of their day-to-day profits. Certain factors such as new competition growing up around the location, roadway building and construction, as well as employee turn over can impact repeat consumers and also negatively affect future earnings. One crucial thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business often, the greater the chance to construct a returning customer base. A last thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood average household earnings effect future revenue potential?