Asking Price: $2,350,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: $245,000Inventory: $500,000 included in asking priceFF&E: $168,000 included in asking priceReal Estate: $1,250,000 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.
Strongly profitable retail business specializing in Chrome and accessories for the big truck industry. 33 year old business with over 32,000 customer files, two locations on the two major interstates in South Carolina, and an outstanding reputation within the trucking community nationwide. $ 245,000 EBITDA plus $ 70,000 yearly salary for owner/operator. Corporate location has substantial real estate and the price includes real estate, FF&E, and $ 500,000 in inventory. Owner prepared to provide training but basic knowledge of retail operations is all that is required to enter this dynamic and exciting business.
About the Business
Number of Employees:
Building Sq. Ft.:
Corporate Office, Chrome Stop Retail Store, Warehouse, and Truck Wash totals 13,600SF and is included in sale. Second Chrome Stop Retail Store and Install Shop is a leased facility with 3600SF of Retail Space and 2000 Sf of Warehouse and Install space. FF&E includes a forklift, retail display fixtures, lighted billboard sign, computers and POS software at both locations. Corporate Office additionally includes office furnishings and a Van. Leased Facility additionally includes install equipment.
Locations cover the two major interstates in South Carolina. No major competitors in South Carolina. 33 Year history of profitability. Well known and Well respected in the trucking accessory business nationwide.
Growth & Expansion:
Owner just launched a website with over 1500 SKU's and more are being added daily. Monthly newsletter goes to over 3,500 customers nationwide. The leased facility has been in operation for only 5 years and it already exceeds the corporate location by 40% in sales. The business could be expanded by adding two more locations within South Carolina and unlimited potential exists by adding locations nationwide.
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