Last Revised: 9/18/19. Posting #: 249916
Key Words: auto repair, tires, brakes, oil change, smog test, smog, solano
Financial Info: Price: $675,000+ $20,000 inventory. Down: Call. Adjusted Net: $222,800. Annual Revenues: $1,628,000. The Business is pre-qualified for Bank/SBA financing for 10 years. Sellers own the building and will provide the buyer a long-term lease and/or a possible option to purchase the real estate.
Profile: Are you looking for an amazing opportunity to purchase an independent tire and auto repair center with annual sales that have averaged $1,687,000 over the past four years? Over this period, this highly profitable business has averaged $255,000 in cash flow for an active owner/operator, affording a lucrative salary after debt service. The Cash Flow was $222,800 in 2018. The Business is in one of the fastest growing areas of Solano County, along the I-80 corridor, and well established with 22 years of goodwill, excellent reputation for customer service, wide selection of name brand tires, and a loyal clientele.
The business comes complete with the state-of-the-art alignment and balancing equipment, along with complete auto repairs, including brakes, oil change, engine performance, smog check, steering and suspension, starting and charging, and heating and cooling. The 6,200 square foot building has ten service bays and nine lifts, storage area for tires and parts, a customer reception area, private office and plenty of outside parking. Experienced team of sales associates and technicians are trained to work independently and will support an entrepreneurial new owner who wishes to further grow the business. The business has excellent internet reviews. The seller will provide training and support during the transition period.
The Asking Price for this highly profitable Business is $675,000, plus $20,000 in inventory. The Business is pre-qualified for Bank/SBA financing for 10 years. The owners wish to retire after building a successful business over more than two decades. The Sellers own the building and will provide the Buyer a long-term lease and/or a possible option to purchase the real estate.
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 highly respected business in the community.
Professional Resources & Contacts To Help You Close Your Deal!
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: 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: 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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Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: BizBenNetwork Facilitator Manager Jordan Green (at 925-785-2282) explains the crucial role that business wanted to buy postings on BizBenNetwork play in providing buyers with a voice within the small business marketplace. Included are the best practices for advertising a business wanted posting.
Key Words: buying a business, buy a business, selling a business, sell a business, buyer, business buyer, business buyers, business wanted, business wanted to buy, advertising, marketing, jordan green
Profile: A big reason that businesses never sell is because they are overpriced. BizBenNetwork Senior Facilitator Manager Jordan Green shares helpful tips with business owners to properly value their business and reviews costly mistakes to avoid in order to establish a fair asking price for a business.
Key Words: jordan green, intangible assets, equipment, value, business brokers, business owners, sellers, improvements, sales multiple, net income, business for sale, preparing a business for sale, valuation
Profile: When posting either a For Sale or Wanted To Buy Posting on BizBenNetwork, effective copy can be critical for catching the attention of either a prospective buyer (with a For Sale Posting), or a seller (with a Wanting Posting). Peter Siegel covers what our research shows works best in BBN postings.
Key Words: postings, posting, peter siegel, advertising
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Profile: In most business transactions, the seller compensates their business broker upon the successful sale of their business. The fees/commission are specified in the listing agreement, including the amount, who pays it, when it's paid, and the expectations of the broker. BBN's Jordan Green explains.
Key Words: broker, brokers, business broker, business brokers, broker fee, escrow, listing contract, negotiation, business for sale listing, up-front fees, broker cooperation, brokerage, seller, business owner, jordan green
Related Discussions For This Posting
Comments & Replies: 1 Topics: business valuation, buying a business, due diligence, for sale by owner, selling a business
Profile: How do you get an accurate valuation on an auto repair business? While advising several sellers and buyers of auto repair shops, several key factors seem to keep working in the value equation of the auto repair businesses being purchased or sold. BBN Manager Spencer Siegel leads this discussion.
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Profile: BizBenNetwork Senior Facilitator Jordan Green with others share helpful tips for buyers to prepare for a business purchase in order to ensure a smooth and timely process. From preparation to effectively communicating their expectations with business brokers, these tips will assist all buyers.
Key Words: jordan green, business broker, broker, intermediary, buy a business, finding a business, business selection, entrepreneur
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Comments & Replies: 10 Topics: broker cooperation, business brokers, buying a business, for sale by owner, pocket listings, selling a business
Profile: What percentage of businesses for sale that are advertised and/or sold are pocket listings? What is the best way to find out about pocket listings? Are they advertised? Are they a big part of the businesses sold marketplace? In this Discussion on BBN multiple brokers, agents, BBN Members weigh in.
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