Asking Price: $198,000 Gross Revenue: $590,285Cash Flow: $76,530 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $7,500 included in asking priceFF&E: $60,000 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.
Business established since 1962 in Hollywood in a very high traffic street. They sell new tires and the do mounting, balancing, tire service, alignment, suspension work and brakes. Authorized dealers of Michelin and Hankook, they also sell all makes and models. Equipment includes: 4 lifts (3 big and one small), balancer, alignment system. Profitable business with a recurrent client base. Business can be increased through marketing and fleets, increasing the hours, another service could be added such as auto mechanics. Seller is tired and wants to retire. The business needs new energy.
About the Business
Broward County, Florida
Number of Employees:
High traffic avenue. 3,900 sq ft at $3,700 a month. The city is remodeling the area which will make the area more attractive.
There are other similar businesses in the area. This business has a long time reputation and great location.
Growth & Expansion:
A younger owner with energy and with an effort on internet marketing should be able to increase the volume of the business. The current schedule could be expanded. A new owner could add auto mechanics and other services to increase the lines of revenues.
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or stake in the sale of this business and has not verified any of the information
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