Asking Price: $299,000 Gross Revenue: $635,000Cash Flow: $185,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $15,000 included in asking priceFF&E: $50,000 included in asking priceReal Estate: $490,000 not 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.
The business is currently operated by the owner and has established year to year increases since inception. Top line revenue growth has increased steadily, especially in the last 4 years. The neighborhood and surrounding areas are seeing substantial growth as Fishtown, Kensington and Northern Liberties continue to gain in popularity. Over the last 30 years, the Owner has been able to establish a long term, steady reliable customer base. This customer base is split between the higher margin retail customer and the wholesale customer accounts. Three decades of good will with a great corner location in busy Philly intersection. All income is verifiable and the Owner will stay on to assure a smooth transition. Priced to sell quickly!!!
About the Business
Number of Employees:
Building Sq. Ft.:
The physical building has been well maintained throughout the years and is pristine condition. A new Owner will have the benefit of these improvements such as, new roof, new garage doors, upgraded electrical service, upgraded interior shop insulation, new security system, complete new stucco of exterior building, new exterior lighting and a new asphalt parking lot and cement sidewalks. The footprint is 7,362 square feet and the building footprint is 1,740 square feet. The Real Estate is owned by the Seller and may purchased in addition to the business. The new Buyer may either elect to purchase the business and the real estate or negotiate a new Lease with the Owner. The Lease is negotiable.
Growth & Expansion:
The business currently spends about $6,000 per year to maintain its web site domain and hosting. Very little is spent on commercials, magazines, Facebook, other social media and billboard advertising. A new Owner could benefit by increasing the advertising budget and starting an aggressive marketing and social media campaign.
The very nature of the geographical location will assure organic growth due to the gentrification of the neighborhood.
Also, extending the hours of operation and bringing on additional mechanic to support increased operations may increase top line revenues.
Automotive Repair On Philly Corner Priced to Sell Quickly - Cash Cow
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or stake in the sale of this business and has not verified any of the information
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