Asking Price: $1,170,000 Gross Revenue: $793,116Cash Flow: $167,774 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $100,000 not included in asking priceFF&E: $150,000 included in asking priceReal Estate: $730,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Operating for over 44 years, this business is a highly regarded and recognized automotive brand. The Combination of state-of-the-art diagnostic equipment, 10 bay fully equipped facility, and talented, dedicated technicians, make this business an admired place to work and own. There is room to grow even beyond the current revenue performance which exceeds $800,000 annually. The building has additional office space that is separate from the main operating areas that can be rented out for additional income. The business and real estate have been Pre-Approved by a lender for acquisition with a down payment of $110,000. Unlike many shops, there is no drama there. This opportunity calls for some experience in the automotive category. Bottom line; there is support. The current owner will offer a smooth transition plan for the right buyer providing on-site training and assistance for a reasonable and negotiable period of time.
About the Business
Number of Employees:
3 ft, 3 pt
Building Sq. Ft.:
Located on a main street with easy access in and out there is ample parking for customers. The entire lot is fenced in and a security system is in place for the building.
Furniture and equipment list includes a high tech Snap-On diagnostic scanner, a gym full of exercise equipment, numerous pieces of shop equipment vital to the industry, one forklift, 2 parts washers, various chairs for seating in waiting room, tv, washer and dryer, several desks, 2 printers, 3 computers; break room furniture including microwave, refrigerator, table and chairs?.
While there are other auto repair shops in the area, this shop has been in business for nearly 50 years with an extremely strong customer base. The business has an excellent web presence and many great reviews that makes it stand out from the competition.
Growth & Expansion:
There is room for business growth currently by operating more than 5 days per week. Additional revenue can be generated by renting part of the property.
Auto Repair Business and Real Estate Serving Savannah Area for 44 Year
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or stake in the sale of this business and has not verified any of the information
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