Listing ID: 82911
Sunbelt Business Brokers of Baton Rouge presents this 20 plus year old automotive repair shop business for sale in metro Baton Rouge, LA! Shop has been in operation for over 20 years servicing a suburban area of Baton Rouge, LA. Shop is located off a busy major highway in town. Real estate is included in the sale. Building is approximately 5,400sqft with 7 bays to work on vehicles. Business provides services for glass repair/replacement, tires, alignments and other basic repairs. Shop is consistently busy with new and repeat clientele. Shop is primed for new ownership to take it to an even higher level! Owner is mostly absentee with approximately only 10-14 hours of work in the business each week.
Owner has other business interests and has decided to sell. Seller will help train and transition new owner. Owner may consider some seller financing for a qualified buyer with a proper down payment. Contact us today for more information on this semi-absentee 20 year old automotive repair shop for sale! Come mee the owner, see this busy shop in action, be impressed and make an offer today!
Gary Cowell, 225-266-8454, is licensed real estate agent in the state of Louisiana. Gary is sponsored through Sunbelt Business Brokers of Baton Rouge, sponsoring broker Brandon Bourgeois, 225-201-0202. Please call Gary at 225-266-8454 more information!
- Asking Price: $1,300,000
- Cash Flow: $135,000
- Gross Revenue: $1,200,000
- EBITDA: N/A
- FF&E: $114,000
- Inventory: $25,000
- Inventory Included: Yes
- Established: 1999
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:5,400
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
The business was founded in 1999, making the business 23 years old.
The sale will include inventory valued at $25,000, which is included in the requested price.
The business has 8FT employees and resides in a building with approx. square footage of 5,400 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. Nonetheless, the true reason and the one they tell you may be 2 totally different things. As an example, they may state "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may simply be justifications to attempt to hide the reality of altering demographics, increased competitors, current reduction in profits, or a range of other reasons. This is why it is really vital that you not depend totally on a vendor's word, but rather, utilize the seller's response combined with your total due diligence. This will repaint an extra practical image 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 have reason to consider this when valuating/preparing your offer. Many companies borrow money so as to cover items such as supplies, payroll, accounts payable, and so on. Remember that sometimes this can imply that profit margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that must be fulfilled or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract new clients? Many times, operating businesses have repeat consumers, which develop the core of their day-to-day profits. Specific elements such as new competition sprouting up around the location, road construction, and staff turn over can impact repeat customers as well as negatively impact future incomes. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the better the possibility to construct a returning customer base. A last thought is the general location demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Exactly how might the local typical home income impact future earnings prospects?