Asking Price: $200,000 Gross Revenue: $580,665Cash Flow: $137,738 (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 a 28 year history with loyal customers (think book of business), high ratings and is run by gentlemen who are possibly the nicest guys in the business. No wonder they are successful.
The building is for sale to the buyer of the business in a separate but simultaneous transaction. The shop has four bays (only three are currently being used) and two lifts which are owned outright and are included in the sale. Currently the business has two co-owners and both will retire in addition to two mechanics. Sales are consistently well over $500,000 with POS records going back to 2000. The shop is open Monday through Friday, only. The business is being sold because of retirement so the tools will be included in the sale.
About the Business
Philadelphia County, Pennsylvania
Number of Employees:
The business was started 28 years ago by Andrew Pemberton and Willie Best. They have an excellent reputation and have loyal customers. The shop has consistent and growing revenues over the years.
There are 4 or so competitors in the surrounding towns but with Andy and Willie's customer base there is not a problem at all.
Auto Repair Shop with Long History and Real Estate
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
full Terms & Conditions.