Business Overview

CHANCE TO OWN A DREAM BUSINESS! FOR SALE is a Antique and Classic vehicle dealership that is a family owned business that started as a hobby that has grown over its 24 years to be a multi-million-dollar niche dealership business. Average sales revenue of approximately ($5,000,000) million a year with an average annual net income of an approximately ($1,000,000) one million dollars a year. Dealership is located on Old Historic Route 66 in Midwest serving as a tourist destination for travelers. Dealership specializes in selling of Classic & Antique vehicles between the ages of 1920-1980s. Over (80) eighty percent of sales are sold via online lead generation. Company has a solid employee base with average tenure of (10) ten plus years. Company has a global presence and has a highly respected reputation in the industry of selling classic & antique cars. Owners are willing to support the new owners in transition in the future, and as well as ongoing support going to auctions and assisting with buying of inventory.

Financial

  • Asking Price: $3,600,000
  • Cash Flow: $1,100,000
  • Gross Revenue: $5,000,000
  • EBITDA: N/A
  • FF&E: $350,000
  • Inventory: $3,282,281
  • Inventory Included: N/A
  • Established: 1996

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:90,000
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

• Building 1: 50 x 528 = 26,400 sq ft • Building 2: 50 x 480 = 24,000 sq ft • Building 3: 50 x 360 =18,000 sq ft • Building 4: 50 x 240 = 12,000 sq ft • Building 5: 50 x 120 = 6,000 sq ft • Building 6: 50 X 80 = 4,000 sq ft Total sq ft: ~90,400 sq ft

Is Support & Training Included:

Owners are willing to train and support the new ownership moving forward.

Purpose For Selling:

Seller is aging and wanting to retire in the future.

Pros and Cons:

Minimum competition, niche business.

Opportunities and Growth:

There could be a growth opportunity in providing a detail shop, restorative services, tourist activities and maintenance services. Current ownership just specializes in the buying/selling of vehicles. There is often requests for maintenance and rehab services that they have just not added to their service offerings.

Additional Info

The venture was established in 1996, making the business 26 years old.
The deal won't include inventory valued at $3,282,281*, which ins't included in the asking price.

The company has 8 employees and resides in a building with estimated square footage of 90,000 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell operating businesses. Nevertheless, the real factor vs the one they tell you might be 2 absolutely different things. For instance, they might claim "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might just be excuses to try to hide the reality of altering demographics, increased competitors, current decrease in profits, or a range of various other reasons. This is why it is really essential that you not count absolutely on a seller's word, however rather, make use of the seller's response together with your overall due diligence. This will paint an extra practical image of the business's current scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that earnings margins are too thin. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that need to be met or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location draw in new customers? Most times, operating businesses have repeat customers, which form the core of their everyday earnings. Specific factors such as new competitors sprouting up around the location, road building and construction, and also personnel turnover can affect repeat clients as well as adversely impact future incomes. One crucial point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the higher the chance to build a returning customer base. A last idea is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? How might the local typical home income effect future earnings potential?