Listing ID: 83921

Business Overview

Premier Motorsport Industries offers a state-of-the-art, fully up-to-date, stocked services and parts department. They pride themselves on providing quick and reliable service for all makes and models of powersport vehicles. Premier Motorsport Industries has a reputation for providing excellent service, support, and satisfaction at an affordable price. Their team members understand all aspects of the business. They also sell both OEM and aftermarket components for all brands through their vast network of suppliers. This business opportunity would be great for someone who is looking to take over an established business with a great client base!

Financial

  • Asking Price: $325,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $340,000
  • Inventory Included: Yes
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Owner would be willing to help a bit during the transition

Purpose For Selling:

Looking to free up his time and focus on other opportunities

Pros and Cons:

Great location off of James Street

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was started in 2017, making the business 5 years old.
The deal does include inventory valued at $340,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell operating businesses. However, the true factor vs the one they say to you may be 2 entirely different things. For instance, they may state "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be justifications to attempt to hide the reality of changing demographics, increased competitors, current decrease in profits, or a variety of other reasons. This is why it is very crucial that you not count completely on a seller's word, yet rather, use the vendor's answer along with your total due diligence. This will repaint a more reasonable picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many companies take out loans in order to cover points such as inventory, payroll, accounts payable, and so on. Remember that in some cases this can mean that revenue margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that have to be satisfied or may result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location bring in brand-new consumers? Most times, businesses have repeat clients, which create the core of their daily revenues. Specific factors such as new competitors sprouting up around the location, road building, as well as employee turnover can affect repeat consumers and adversely impact future profits. One essential thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business often, the better the opportunity to construct a returning client base. A last idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Just how might the regional mean home earnings influence future income prospects?