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Asking Price$110,000
Revenue | $505,709 |
Established | 1986 |
Cash Flow | $82,228 |
Employees | 2 full-time |
FF&E | $75,000* |
Franchise | No |
Inventory | $25,000 |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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Turnkey tire and service shop in a friendly town between Omaha and Des Moines. This tire and auto shop has been in operation since 1986, with the current owner in place since 2008. With 5 hoists and room to add one more, the current absentee owner made a 95% increase in cash flow between 2013 and 2014, and stabilized the cash flow subsequently. This shop also specializes in commercial and agricultural tires, thus providing a competitive edge over other shops that only service passenger vehicles. The current consumer mix is 60% tire sales and 40% service work. Of the tire sales, 70% are consumer tires, with 20% being farm equipment, and the remaining 10% of sales being lawn and garden equipment. Offering farm service calls and Over The Road (OTR) mobile service for emergencies provides an extra level of customer service and peace of mind for their loyal customers. A buyer (absentee owner) with a down payment of $16,500 would profit $20,861, or 126% in the first year after all debts and expenses are paid.
Financial Overview List Price: $110,000 Gross Sales 2015: $505,709 2014: $513,009 2013: $707,000 Consumer Mix: Tire Sales: 60% ? 70% Consumer ? 20% Farm equipment ? 10% Lawn and Garden equipment Service Work: 40% Owner Profit/Cash Flow 2015: $82,228 [$35,267 if absentee owned] 2014: $84,458 [$39,594 if absentee owned] 2013: $44,564 [$1,943 if absentee owned] YOY Growth/Sales Trends: 95% increase in cash flow from 2013 to 2014 Profit Margin: 7% Multiple: 2.95*Multiples range from 1-5, with the average being 3 Valuation: Cash Flow x Multiple = Price $37,431 x 2.95 = $110,421** ** Based on owner absentee valuation
Assets Included in Purchase: $147,830 Equipment: $50,000 Vehicles: $25,000 Inventory: $51,462* A/R: $21,368 *amounts may vary Business Information Years in Business: Original 1986, Current owner 2008 Location and Service Area: Cass County, Iowa, between Omaha and Des Moines Demographics: Auto, Farm and Lawn & Garden Reason for Selling: Divesting of business holdings Employees: 1 Manager/Lead Tech, 1 General Tech Hours: M – F 7:30 to 5:30 Sat 7:30 to 12:00 Seller Training Period: Up to 90 days Current Owner’s Responsibilities: Absentee Owner
Funding Example Purchase Price: $110,000 15% Buyer Down Payment: $16,500 10% Seller Financing: $11,000 75% Bank Loan: $82,500 A buyer (absentee owner) with a down payment of $16,500 would profit $20,861, or 126% in the first year after all debts and expenses are paid.
Facilities: | For sale through a real estate agent |
Training/Support: | up to 90 days |
Seller Financing: | 10% Seller Financing: $11,000 |
Sale Reason: | Divesting of business holdings |
Ad #79029
Seller Reference #AUT012
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