Asking Price: $825,000 Gross Revenue: $1,469,663Cash Flow: $298,979 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $48,000 included in asking priceFF&E: $77,000 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.
Multi Location Auto Repair Shops. Blanketing Hampton Roads Virginia and beyond, these service centers exclusively perform tire service. From repairs and replacements the centers offer up new and use tires at superbly competitive prices and rocket fast service. The businesses have a vast array of brands both new and used and can handle any make of vehicle. And whether a customer decides to choose new or used product options the highly skilled technicians at the operation will high speed spin balance, rotate and mount the tires all in less than a half hour. And complete tire and rim packages are available within a day. Each facility in this operation is set up and designed as a stand alone store. And each have management in place as well as a robust technical staff. Combining the enterprise from a central management perspective allows for efficiency, synergy and pricing leverage. So as a whole the operation can offer great competitive pricing based on volume and as well, offer superior service as the overall operation meets any customer need with same day service. The Seller has grown a strong brand and platform over many years which is set on a trajectory for continued growth. And the design of the operating units has allowed this owner to operate these businesses in an absentee fashion. Now looking toward retirement the Seller will offer a smooth transition into a great business model. And the purchase has been lender pre-qualified! So with a down payment between 10 and 20% of the asking price, a buyer can enter this great business opportunity.
About the Business
Number of Employees:
Each location has a long term lease in place and each lease is independent to the location.
Multi Location Auto Repair Shops - Lender Pre-qualified!
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