Last Revised: 9/18/19. Posting #: 256511
Key Words: auto repair, brakes, oil change, humboldt
Financial Info: Price: $1,195,000+ $16,000 Inventory. Down: Call. Adjusted Net: $412,000. Annual Revenues: $1,655,000. The Business qualifies for 90% Bank/SBA financing. The Sellers also own the real estate and will consider a long-term lease or option to purchase the real estate.
Profile: Are you looking for an amazing opportunity to purchase an independent auto repair center with annual sales that have averaged $1,625,500 over the past three years, growing to $1,655,000 in 2018. Over this period, this highly profitable Business has averaged $406,200 in Cash Flow, increasing to $412,000 in 2018, and affording an active owner/operator a lucrative salary after debt service. The Business is one of two similar high end facilities in Humboldt County operated by the family owners, which are available for sale individually or together as a package deal.
The Business is well established with over thirty years of goodwill, fantastic Internet reviews and loyal clientele, drawing from a large geographic area. The Business is located on a highly visible corner with a supplemental customer parking lot. They have built an excellent reputation for providing cost-effective personalized service as an alternative to the expensive car dealerships.
The Business comes complete with the state-of-the-art equipment required to run a high end auto repair business, including brakes, oil change, engine performance, steering and suspension, starting and charging, and heating and cooling. The large 10,000 square foot shop has twelve service bays, including two pit racks, room for parts storage and an attractive customer reception area. Experienced, long term employees will support an entrepreneurial new owner who wishes to further grow the business. The Seller will provide training and support during the transition period.
The Asking Price for this profitable Business is $1,195,000, plus $16,000 in inventory. The Business qualifies for 90% Bank/SBA financing. The Sellers also own the real estate and will consider a long-term lease or option to purchase the real estate.
The Sellers are motivated to retire after building two successful businesses that operate smoothly with limited supervision. With a great reputation for quality, convenience and trusted service, this Business offers a Buyer a unique opportunity to control your own destiny and realize your dreams of owning a respected business in the community.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: My mission is to conduct a thorough, well-planned, and well-executed transaction for both the seller and buyer, offering a confidential, professional approach to my clients and taking an M&A approach to main street transactions to ensure the optimal selling price and shortest time on the market.
Key Words: daniel herring, emerald coast business intermediaries, business broker, business valuation, valuation, consultant, due diligence, due diligence services, auto repair, construction, restaurant, airport shuttle, shuttle, okaloosa, florida, alabama
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: When the time comes to sell your business, having a team of experienced professionals to represent you can make all the difference in the world as you work to successfully complete a business transaction. Jordan Green shares tips for hiring your most important professional, a business broker.
Key Words: selling a business, sellers, brokers, business brokers, seller representation, jordan green
Profile: With the Supreme Court ruling on South Dakota v. Wayfair, business sellers should conduct internal due diligence on their reporting and collection obligations related to remote sales. Addressing this now will avoid problems in the future. John Byrne, CPA explains on BizBenNetwork.
Key Words: john byrne, due diligence, legal, legal issues, legislation, sell a business, selling a business, tax, taxes, taxation, sales tax, seller liability, liability, key exit advisors
Profile: BizBenNetwork Senior Facilitator Manager Jordan Green discusses the preparation that is needed by business owner/sellers to ensure a successful sale of their business. Jordan also shares tips to help sellers minimize the risk of ruining potential deals and hurting the value of their business.
Key Words: selling your business, sellers, business owner seller, sell a business, confidentiality, training, jordan green
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Profile: Business value has a different meaning depending on the purpose of the parties involved in the transfer. John Byrne, CPA, Business Valuation Expert explains three different methods for valuing a business: Investment Value, Fair Market Value and Fair Value.
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