Asking Price: $990,000 Gross Revenue: $1,780,478Cash Flow: $596,744 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $400,000 included in asking priceFF&E: Not Disclosed 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.
NEW PRICE INCLUDES $400K of auto inventory. Profitable car restoration, sales, service business strategically located offering restored classics and premier quality used cars. Owner currently buys cars at auctions and bring them in for restoration. Service Department restores cars for sale profitably because of its direct on-site repair/restoration services. This means cars can be offered for better margin with guaranteed quality that the company can stand behind. Skilled and loyal staff have been with this family-owned company for years and plan to stay so a new owner would simply pick up the business as-is and be profitable right away. Because the owner has been stepping back recently, the staff has been running self-sufficiently. Additional inventory available for consignment.
NEW PRICE! Car Sales, Restoration, Service Business
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