Listing ID: 83211
This automotive business was established in 1999 and is located in Southwestern Mississippi. A local population of over 50K to serve.
Seller will assist in the transition, training and support for a new owner.
After years in the industry, the owners are ready to retire to enjoy the fruits of their labor and pass this profitable business on to the right buyer. This opportunity is ideal for a hardworking professional with a background in Business Management or the Automotive Industry. Contact us today for more information on this listing, see its potential, meet the owner, make offer!
- Asking Price: $409,000
- Cash Flow: $21,052
- Gross Revenue: $298,489
- EBITDA: N/A
- FF&E: $80,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 1999
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Included in sale price
Seller will negotiate a ransition period
The venture was started in 1999, making the business 23 years old.
The business has 2 FTE employees and is situated in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. However, the real reason vs the one they say to you may be 2 completely different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competition, recent reduction in revenues, or an array of various other factors. This is why it is very essential that you not count absolutely on a seller's word, however rather, utilize the vendor's response along with your overall due diligence. This will paint an extra sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses borrow money so as to cover items such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can suggest that profit margins are too thin. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be fulfilled or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract new consumers? Most times, operating businesses have repeat customers, which form the core of their daily revenues. Specific elements such as brand-new competition growing up around the area, roadway construction, as well as employee turnover can affect repeat consumers and adversely impact future revenues. One important thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the greater the possibility to construct a returning customer base. A final thought is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the regional mean household income effect future revenue potential?