Asking Price: $695,000 Gross Revenue: $998,246Cash Flow: $310,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $75,000 included in asking priceFF&E: $50,000 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.
This successful transmission shop has been in business for over 20 years servicing both foreign and domestic transmissions. The client base consists of both retail and wholesale customers. This shop has developed a reputation for quality work and serves as the preferred transmission shop in the area due to their reputation for reliable work completed on time. A good advertising program along with positive word of mouth accounts for the loyal customer base they have built. The highly functional shop is housed in a very well equipped building with large bay doors, floor lifts, and all of the furniture, fixtures, and equipment in place to continue to operate the business successfully. The shop has a very clean and modern appearance, complete with an office and reception area. This is a true turn key operation and an excellent opportunity for someone with some mechanical background or automotive experience to own a very profitable, highly efficient transmission shop in a fast growing area of coastal North Carolina. The seller is also open to selling part of the business to a working partner. The ideal candidate would possess both the technical skills as well as the ability to communicate well with the customers allowing the current owner some well deserved off time. The seller is willing to finance part of the sale price for a qualified buyer.
About the Business
Number of Employees:
The 6,000 sq ft shop is very well equipped with several floor lifts capable of lifting up to 12,000 lbs.
This shop is the largest in the area with a excellent supply parts in stock allowing for a short turnaround time for the customer giving them an edge over the competition.
Well Established Very Profitable Transmission Shop in Coastal NC
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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
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