Listing ID: 82083
“One of the Midwest’s largest independently owned truck repair facilities, operating for over 50 years. The current owner is ready to retire. The sale will include the real estate or the current owner will sell the business and lease back the real estate. This is a turnkey operation with great income potential. All equipment is included in the sale.”
- Asking Price: $3,500,000
- Cash Flow: $430,700
- Gross Revenue: $2,163,059
- EBITDA: N/A
- FF&E: $582,715
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:25,230
- Lot Size:N/A
- Total Number of Employees:14
- Furniture, Fixtures and Equipment:N/A
Great location with over 2 acres of land and two buildings with a total of 25,230 square feet of space.
The seller will train the new owner.
The seller would like to retire
Unlimited growth potential
The business has 14 employees and is located in a building with estimated square footage of 25,230 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell businesses. Nonetheless, the true factor vs the one they say to you might be 2 completely different things. As an example, they may say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competition, current reduction in revenues, or a range of other reasons. This is why it is very important that you not depend completely on a vendor's word, but rather, utilize the vendor's answer combined with your general due diligence. This will repaint a much more sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover things like inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that earnings margins are too thin. Many companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in brand-new customers? Often times, companies have repeat customers, which develop the core of their day-to-day revenues. Particular aspects such as brand-new competitors sprouting up around the area, road building and construction, as well as personnel turn over can influence repeat consumers and adversely impact future revenues. One essential point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the better the possibility to build a returning consumer base. A final thought is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? How might the local mean home income impact future income prospects?