Listing ID: 67423
Founded in 1982, our franchise system has grown to become an award-winning franchised provider of automotive, residential, commercial, and marine window tinting and security film services. With Automotive Styling Centers™ in the U.S. and abroad, each franchise location houses approximately 20 profit centers, ranging from in-store accessory installations to off-site sales and installation of residential, commercial, and marine window tinting and security films.
Asking Price- $290,000.00 CAD + $25,000.00 Transfer Fee USD Location Opened – 2019 The owner is selling because he has another store in Burlington that he just opened and has another license still to open another. Owner wants to focus on those 2 and cannot handle the 3rd location. – Average sales volume Gross Revenue 2020 = $362,711.78 Gross Revenue 2021 = $417,792.42 Keep in mind that these are sales numbers thru the Pandemic
- Asking Price: $290,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
This Business Is An Established Franchise
The company was established in 2019, making the business 3 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell companies. However, the real factor vs the one they say to you might be 2 entirely different things. For instance, they may claim "I have a lot of various commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be reasons to try to hide the reality of transforming demographics, increased competition, current decrease in revenues, or a range of various other reasons. This is why it is extremely crucial that you not depend totally on a vendor's word, but rather, make use of the vendor's answer together with your overall due diligence. This will paint a much more sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses borrow money in order to cover things such as supplies, payroll, accounts payable, and so on. Remember that sometimes this can mean that revenue margins are too tight. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also 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 agreements with suppliers that must be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new customers? Most times, businesses have repeat clients, which create the core of their daily earnings. Specific factors such as brand-new competitors sprouting up around the area, road construction, and also staff turn over can affect repeat consumers and also negatively influence future revenues. One vital thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business regularly, the better the chance to build a returning consumer base. A last idea is the basic location demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? How might the local median home income effect future revenue prospects?