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
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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 Manager Jordan Green explains the importance of keeping the potential sale of a business confidential and provides business owners with helpful ways to successfully keep their business’s sale a secret, as well as the consequences for disclosing a business’s sale prematurely.
Key Words: confidential, confidentiality, selling a business, non-disclosure agreement, business owner, owner/seller, owner seller, seller, qualified buyer, business broker, business brokers, nda, jordan green
Profile: Owner sellers begin the process of selling their business with incorrect assumptions derived from a subjective mindset, limiting their ability to properly market to buyers. By understanding the motivations and goals of business buyers better, owners can sell their businesses more quickly.
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Profile: Determining whether to include the value of a business's inventory in the selling price or add the inventory's value in addition to a business's selling price is an issue that occasionally comes up when negotiating the purchase agreement during a small business transaction.
Key Words: selling a business, buying a business, sell a business, buy a business, purchase agreements, purchase agreement, inventory, inventories, value, valuation, valuing a business, selling price, restaurants, restaurant business, online businesses, ecommerce, goodwill, sales multiples, equipment, jordan green
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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
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Comments & Replies: 1 Topics: business valuation, buying a business, due diligence, for sale by owner, selling a business
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Profile: Every day, I speak to business brokers and business owner/sellers, and I hear some pretty amazing stories about potential buyers of small to mid-sized businesses. I tend to ask them what traits they listen for to see if a potential buyer is serious and what traits or buyer actions are deal killers.
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