Listing ID: 82164
This well-established Semi-truck and RV wash has multiple indoor heated wash bays. The company is fully staffed and equipped to handle trailer washouts (refer, hopper, tanker, and dry van), as well as exterior wash jobs. The company has earned a reputation for great service at a reasonable price. Sales have been increasing the past 3 years with stable expenses. With strong growth in the trucking industry, this business has an opportunity for even more revenue. Located near major highways this is a desirable opportunity for an individual that wants to earn a nice living or could be purchased by a larger trucking corporation needing additional space.
This sale includes the business and real estate together.
- Asking Price: $1,250,000
- Cash Flow: $125,000
- Gross Revenue: $330,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Owner will assist in a smooth transition
The company was started in 2000, making the business 22 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell businesses. Nonetheless, the true reason vs the one they tell you might be 2 entirely different things. As an example, they might claim "I have too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competitors, current decrease in profits, or a variety of various other reasons. This is why it is really essential that you not count totally on a vendor's word, but instead, use the seller's response combined with your general due diligence. This will paint an extra reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of companies borrow money with the purpose of covering things like inventory, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that earnings margins are too small. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract new clients? Often times, businesses have repeat consumers, which create the core of their daily profits. Certain variables such as brand-new competition growing up around the area, road building and construction, as well as employee turn over can affect repeat consumers as well as adversely impact future revenues. One important point to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the greater the opportunity to construct a returning customer base. A final thought is the general location demographics. Is the business situated in a largely populated city, or is it located on the edge of town? How might the regional typical family income effect future income prospects?