Listing ID: 82780
This long standing and trusted auto repair business enjoys Google 5-star ratings and outperforms the competition. In an upscale community, situated on a busy 4 lane Highway, super visibility, easy in and out. Excellent equipment and asset list, well maintained. Twenty years of profitable operation. The store has great signage. You can’t miss it if you tried.
New owner can be more aggressive approaching fleet, city and county accounts. Owners ready to enjoy retirement.
- Asking Price: $75,000
- Cash Flow: N/A
- Gross Revenue: $424,653
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2002
- 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
The store has great signage. You can’t miss it if you tried. Four bays, easy in and out, lifts and great equipment package come with the sale. Equipment is well-maintained.
Superior location, right on four lane, heavily traveled 291 Highway. Long standing and trusted business.
New owner can be more aggressive approaching fleet, city and county accounts.
The company was established in 2002, making the business 20 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell companies. However, the genuine reason vs the one they tell you may be 2 absolutely different things. For instance, they might state "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competition, recent reduction in profits, or a range of other factors. This is why it is extremely vital that you not depend entirely on a vendor's word, but rather, make use of the vendor's answer in conjunction with your overall due diligence. This will paint an extra reasonable picture of the business's existing situation.
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. Lots of companies borrow money so as to cover items such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that earnings margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be met or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in brand-new consumers? Most times, operating businesses have repeat consumers, which create the core of their daily earnings. Specific elements such as brand-new competition sprouting up around the area, road building and construction, and also employee turn over can impact repeat customers as well as negatively affect future earnings. One essential point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the better the chance to construct a returning customer base. A final idea is the general location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? How might the local mean house earnings influence future revenue potential?