Asking Price: $495,000 Gross Revenue: $2,183,000Cash Flow: $327,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $245,000 not included in asking priceFF&E: $50,000 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.
Are you looking for an amazing opportunity to purchase an independent auto repair and major brand tire center with annual sales that have averaged $2,116,500 sales over the past five years? Average annual Cash Flow over this time period was $283,383, rising to $327,101 in 2018 and affording an owner/operator an outstanding salary after bank financing payments.
The Business is well established with 50 years of goodwill, excellent reputation for customer service, 4+ star Internet reviews and a loyal clientele.
The Business comes with the tire and automotive equipment required to run a high volume full service auto repair business, including alignment and total car care. Twelve full time and two part time experienced employees will support an entrepreneurial new owner who wishes to further grow the business. The Seller will provide training and support during the transition period. The Business has a long term lease with favorable terms and an extremely valuable New York State Inspection and Emission Testing license.
About the Business
Number of Employees:
Building Sq. Ft.:
Eleven service bays (ten lifts) with tire storage area, large customer waiting room and parking for over 30 cars. The 8,800 square foot building is equipped for a high volume of tire sales, wheel balancing and alignment, along with full service automotive repairs and preventive maintenance.
Auto Repair/Tire Center – $2,183,000 Sales – Westchester/Bronx County
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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
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