Sale Price: Just $400K down and get over $500K in inventory
and assets COMPLETELY DEBT FREE!
(This value is "quick sale value" - replacement value is over $750,000.) The seller seeks another $150K-$200K over the next 6-8 years from the income of the business.
The seller is committed to make this transaction largely performance-driven
(an earn-out) and seeks a win-win structure that motivates both the buyer
and seller to grow the company going forward. The seller will carry over
30% of the sales price. This speaks volumes about his confidence in the company's
ability to grow fast going forward with a new hands-on owner, vs. what we
have had during the past 2 years, which was more of an absentee-owner operating
and has not worked out as well.
2011 Revenues were $965,490 with a Gross Profit of $474,215.
Email today for the comprehensive sales packet
2012 Revenues were $912,381 with Gross Profit of $455,657.
2013 Revenues were $862,271 with a Gross Profit of $401,886.
, including 6 years of financials and tax returns and a 45 minute long video detailing the shop and full interview with the owner and new GM.
"We have a great niche in 4 x 4 and general auto repair and retail auto parts in one of Colorado's best markets", the seller states. We have a large retail auto store filled with high-margin unique products, as well as a very clean and functional 14 bay garage, including 13 lifts and 1 large RV-sized bay. For what we do we have almost NO competition. We have invested heavily into the finest equipment available.
We sell General and Unique 4 X 4 Retail Parts and Auto Repair Services: We are VERY unique in our niche industry in that we sell retail parts and we do comprehensive auto repair, concentrating on 4 X 4 vehicles of all models. Very few people do sales AND service. This is the reason we enjoy the great profits that we do year-after-year (again except for the recent past.). "There is much more money to be made in repairing vehicles, than there is in accessorizing vehicles. But we can do both, the profits are even greater. There really isn't anyone who can do the work we do and sell the retail parts we have for 4 X 4 vehicles in our entire market; or at least 15-20 mile radius. We have held a lock on this industry for 20-25 years now. We have protected vendor relationships and are an exclusive dealer for many lines.
For many years we have enjoyed steady drive-by traffic and exposure even though our facility has been on just a 1 lane road for 36 years. However, as can be seen in the sales figures above, during the few years our store sales have fallen because of disruptive highway construction in front of our store to expand to a 4 lane highway and many of our loyal customers have avoided us since access to our store was difficult due to congestion. FINALLY, As of September 2013, the road work has been completed and the highway has expanded to 4 lanes. The drive-by traffic in front of the store has exploded since the highway is now a major vein in and out of the central business district.
WE ARE THE BEST SPECIALIZED 4x4 AUTO CARE CENTER IN COLORADO!! We have been in business for 36 YEARS, and have been very successful as absentee-owned for the many of the past 15 years. In the past he seller has another very large company he manages full time. This means a new owner who can "operate" the location full time WILL grow the businesses substantially! The business is in GREAT SHAPE today since the current owner made substantial improvements in all areas of operations.
He also recently hired 2 critical and long-standing key employees from the past that managed the business when it was cash-flowing up to $400,000/yr. on sales of $1,800,000. However, company sales and profits DID fall during the past 2 years due to the absentee-owner management and lack of experience with the new owner during that period. We now have a great GM who has over 18 years with the company! He is 100% committed to stay on and sell products and services for the new owner. This will also greatly improve sales and net income.
The seller is confident that a new owner can double the gross sales and cash flow over the next 3-5 years and get is back to cash flow $240,000-$350,000 on sales of $1.5MM-$2MM/yr. The seller insists that a new hands-on owner can easily get the cash flow to $250,000/yr. once they take over. It has been long-known that absentee-owned business seldom perform as well as businesses with an on-site owner!
The seller states that we have "excellent SYSTEMS" in place. The systems run the business, and the people run the systems", the seller insists. Also, we have invested over $100,000 recently on the most advanced state-of-the-art software and computer systems to streamline every procedure in our operation. All the kinks have been worked out.
If the buyer puts down $400,000 at closing, they will invariably get at least that amount back in the next 24-36 months. If sales are doubled in the next 3 years or so, them the cash flow may triple since the owner has covered most of their fixed costs at the first $750,000/yr. in sales; much of the rest falls to the bottom line. At this stage we are now a fully turn-key operation, however, 8 months ago the business needed many operational and personnel changes to get the business back on track.
We just need someone who wants to get the sales up to capacity. We have "everything" in place for the new owner to get to $2,000,0000-$3,000,000/yr. The new owner needs nothing other than the talent and vision. We have everything in place; we have all the equipment, inventory and space to handle $3,000,000/yr.
As stated above the quick-sale value of all assets and inventory is well-over
$400,000. As stated above, just $400,000 down and the buyer gets over that
amount in high-tech equipment and inventory. This value doesn't even include
the incredible value of a business that will generate over $200,000 in cash
flow over the next 12 months.
We have a solid 36 year history and are very well-known in general and 4
x 4 specialized auto repair shop in the Front Range. For the past 36 years
we have built a solid name and the finest reputation for fair dealings. The
seller is fully committed to sell the Assets of the business and will
agree to full Reps and Warrantees to a solid legal and business standing.
We have never had legal battles. Also, we have the finest record for safety
(OSHA) and NO client complaints.
We are largely recession-proof and other than the highway construction problems we have suffered we had held up relatively well during this economic downturn. People will always need auto repair, especially on high-end 4 X 4 vehicles. Now more than ever... Prior to the recession, people bought new cars every 3-4 years or so. Today, people are holding on to older cars longer, so repairs are more critical to squeeze a few more years out of the car/truck. In short, regardless of good or bad economic times, we are likely to hold up and grow with the right owners.
Our website and web presents alone are worth a fortune. We have the finest sites and strong SEO (search engine optimization) for key words that bring steady business to us.
We are so confident in our repair work that we are one of the few that offer a 3 YR/36,000 mile warrantee on our service work - and our long-standing customers love us for it. Further, we have the strongest relationships with all of our suppliers in the industry. Our suppliers love us and give us the finest pricing and carry terms available. The new owner will step into this incredible value.
The Seller will Stay On and assist in the Full Transition to the New Owner -The final and most critical aspect of this offering is the following: the seller has a wealth of knowledge, but he just doesnt have the energy to commit when the business needs it most since he owns another large facility 1 hour away where he lives with his family. In fact the seller has 2 new kids under 5 years old and is strapped for time managing both locations from 1 hour away. We are at a point in time when we are ready to grow going forward, he states. Post-closing, the seller is 100% committed to give direction to the new owner take the business to the next level in sales and business development.
The seller states that he has in his head a blueprint of exactly WHAT
TO DO to get the business to $2MM-$2.5MM/yr. or more within 3-5 years and
triple the current cash flow. He just does not want to implement the expansion
himself as he is trying to spend more time in his other business. What we
need today is a new owner with energy and commitment to grow the business
going forward. The new owner should have sales, marketing, financial and
business development experience, and should also know how to manage people.
This is the skill set we need today.
Please Call of Email for Information:
The broker is available at any time to meet to discuss your interest in this offering. Please call or email firstname.lastname@example.org for a comprehensive sales packet including all financials and full video on the operations and interview with the owner. Thank you for your interest in this offering.