Listing ID: 82855
Business Overview
If you have a passion for fine collectible automobiles, this business is a must-see opportunity. This business was established decades ago by one of the world’s leading experts in European Collectible Automobiles. The business offers fantastic revenues, margins, international sales, and an exceptional reputation. Only the finest quality vehicles are sold to the most discerning buyers. The owner is wanting to slow down but wants to remain with the company as a buyer continuing to locate only the best inventory as he has done for over 45 years. This is a once in a lifetime opportunity to get into a great business while still capitalizing on one the world’s foremost expert experience and knowledge in the industry.
Financial
- Asking Price: N/A
- Cash Flow: $338,404
- Gross Revenue: $5,393,557
- EBITDA: N/A
- FF&E: $40,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:7,000
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
7,000 Square foot facility that can house up to 60 cars in a climate controlled environment.
Owner is committed to a smooth transition of ownership. Owner would like to remain with the company as a consultant.
Additional Info
The venture was started in 2019, making the business 3 years old.
The company has 2/O, 1/FT employees and is located in a building with approx. square footage of 7,000 sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. Nonetheless, the genuine reason vs the one they say to you might be 2 entirely different things. As an example, they may state "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be reasons to try to hide the reality of altering demographics, increased competition, recent decrease in incomes, or an array of various other reasons. This is why it is very essential that you not count entirely on a seller's word, however rather, utilize the seller's answer along with your general due diligence. This will repaint a much more reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that revenue margins are too small. Lots of businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that have to be met or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in brand-new customers? Most times, companies have repeat consumers, which develop the core of their everyday earnings. Particular elements such as brand-new competitors sprouting up around the area, road building, and staff turn over can impact repeat consumers and adversely impact future revenues. One important point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the greater the chance to develop a returning customer base. A final idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the local typical house earnings effect future earnings potential?
