Business Overview

Idea shop for the right person or group.

Financial

  • Asking Price: $349,999
  • Cash Flow: $210,100
  • Gross Revenue: $987,900
  • EBITDA: N/A
  • FF&E: $110,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1981

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:6,000
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Has 6 Bay's

Is Support & Training Included:

2 weeks free training

Purpose For Selling:

Partners retiring

Pros and Cons:

Great market lot's of space to sale cars and add on to shop. The oldest game in town.

Opportunities and Growth:

Can expanded services as well as the hours.

Additional Info

The company was founded in 1981, making the business 41 years old.

The company has 12 employees and resides in a building with approx. square footage of 6,000 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell operating businesses. However, the true factor vs the one they tell you might be 2 totally different things. For instance, they might say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competitors, current decrease in earnings, or a range of various other reasons. This is why it is extremely essential that you not rely entirely on a seller's word, yet instead, make use of the vendor's response along with your overall due diligence. This will repaint a more realistic picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses take out loans so as to cover items such as supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that earnings margins are too small. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that need to be met or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area attract brand-new clients? Often times, businesses have repeat consumers, which create the core of their day-to-day profits. Particular elements such as new competitors growing up around the location, road building and construction, and also personnel turn over can impact repeat consumers and negatively influence future incomes. One vital thing to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the higher the chance to build a returning customer base. A last idea is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? How might the neighborhood typical home earnings influence future income prospects?