Asking Price: $450,000 Gross Revenue: $660,000Cash Flow: $200,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $300,000 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.
Well-established highly profitable Meineke with a highly visible location in Suffolk County. IT IS located where all the action is - and the shop has plenty of room to expand the business. Long-term Lease and reasonable rent helps insure that this business will be around for years to come. THE OWNER WILL help with transition. The business has all the equipment necessary including being an approved NY State Inspection center. THE SHOP WILL MAKE YOU MONEY FROM DAY ONE. Meineke is one of the TOP Franchise Companies in the country with a proven business model and this business WITH 50+ years is proof of their success. Meineke’s training is so strong that you do not have to be a mechanic to own a Meineke. Meineke’s business model is a management model. Less than 20% of franchisees have a previous automotive background. If you are looking for a proven reliable business that has a great track record THIS MIGHT BE IT. THIS location HAS A LOT of potential to grow, be part of a this well-known respected franchise system. The seller IS looking to retire and has priced the business right.
Your search CAN be over.
Please refer to listing number 13665 when inquiring about this opportunity.
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
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