Listing ID: 84038

Business Overview

Outstanding well-located 3,672 sq/ft facility in (upper) South shore Massachusetts with office/waiting area with over $90,000 worth of equipment all in very good condition. Located on one of the most heavily traveled streets into the town. AAA affiliation brings in steady business. Building has large high ceiling garage with 4 bays and 4 lifts and room to work on multiple cars. Large ample lot allows for parking for many vehicles. Building is in very good condition.

Financial

  • Asking Price: $249,000
  • Cash Flow: $207,000
  • Gross Revenue: $730,250
  • EBITDA: N/A
  • FF&E: $95,000
  • Inventory: $15,000
  • Inventory Included: N/A
  • Established: 2000

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,672
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Outstanding good-condition, well-located 3,672 square-foot facility with office/waiting area, located on of the most heavily traveled streets in town. High ceiling garage with (2) 12’ Bay Doors and (2) 10’ Bay Doors, and 4 lifts. Large parking lot.

Is Support & Training Included:

Seller will train the buyer in the operations of the business. However, buyer is expected to have full automotive repair experience and good people skills for dealing with customers.

Purpose For Selling:

Retirement

Pros and Cons:

Not the only repair garage in the region, but one of the most respected. EXCELLENT online reviews. Its superb location and affiliation with AAA generates lots of incoming business.

Opportunities and Growth:

xpand hours to Saturdays to increase volume and increase Google AdWords budget.

Additional Info

The venture was established in 2000, making the business 22 years old.
The sale shall not include inventory valued at $15,000*, which ins't included in the requested price.

The business has 2 employees and is located in a building with approx. square footage of 3,672 sq ft.
The real estate is leased by the business for $4,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell companies. However, the true factor and the one they tell you may be 2 entirely different things. As an example, they might say "I have a lot of other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may simply be excuses to try to conceal the reality of altering demographics, increased competitors, current reduction in revenues, or a variety of other factors. This is why it is really important that you not rely absolutely on a vendor's word, yet instead, utilize the vendor's solution together with your overall due diligence. This will paint a more practical image of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous companies take out loans so as to cover items such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that profit margins are too thin. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that need 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 area draw in new clients? Most times, operating businesses have repeat customers, which create the core of their day-to-day revenues. Particular factors such as new competition sprouting up around the location, road construction, and personnel turn over can influence repeat clients and negatively impact future incomes. One crucial thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business often, the greater the opportunity to build a returning client base. A last idea is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Just how might the regional median home earnings influence future earnings potential?