Asking Price: $450,000 Gross Revenue: $1,428,000Cash Flow: $300,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share 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.
This auto repair shop has enjoyed decades of success in the same location in this affluent community. Being sold for retirement, it presents an opportunity for the buyer to step into a smoothly operating business that has generated an excellent income. The shop has an excellent reputation and active marketing program. It is also a Massachusetts inspection station, servicing about 150 vehicles a month. This is a source of revenues and new customers. Most of the shop’s customers regularly return when in need of services, and many of the company’s customers refer additional business to them.
The business provides maintenance services such as oil changes (drop off or while you wait) and more advanced repairs such as engine and transmission replacements. The shop is in a highly visible and easily accessible location, with a train station nearby. The shop services both foreign and domestic automobiles and has a reputation for providing timely repairs at a fair price.
The business has excellent equipment. It has the latest automotive scanner for diagnosing vehicles as well as the most recent Massachusetts inspection workstation.
The price for the business is $495,000 with assumption of 1 equipment lease totaling $130 per month. The inventory would be additional. It is expected that a qualified buyer can obtain an SBA 7A loan with a 10% down payment.
About the Business
Number of Employees:
The business leases about 4,000 SF of space. This includes 6 bays, a customer reception area, and break room. The rent totals approximately $5,950 per month. The property is not for sale.
Growth & Expansion:
The space has the capacity to handle $300,000 to $500,000 more in revenue per year. In order to increase revenues to this level, the business needs an additional technician and additional marketing.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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