Price: $425,000
Location: Southern Connecticut
Industry: Auto Repair and Service Shops
Listing ID: 05221645T
Listing Status: Sold
Business established in the early 1900's. Current owner became involved in 1986 with a partner and they incorporated as a C-Corp in 1993. Current owner now owns 100% of the Company. The activity of the business involves repair and replacement of light and heavy duty truck suspensions and brakes. About 80% of sales is large trucks, 15% is small trucks and 5% is automobiles. There also on premises is a sales counter where parts are sold to the general public. The facilty includes a total of 17,000 sq. ft. of leased space in 24 bays with 20 foot-high doors capable of accommodating 65 foot-long vehicles. Rent is $4,500 per month triple net ($54,000 per year). Real estate taxes are about $2,625 per month ($31,500 per year) in addition to the rent. Landlord is an estate administered by an executor. A complete complement of equipment with a very conservative value of $100,000 is included in the price of $425,000 along with an inventory value of current items at cost of $100,000. Additional inventory of $90,000 currently on hand will be subject to negotiation. Owner cash flow has averaged $138,000 over the last five years and $144,000 over the last three years, remarkably consistent in spite of the general recession during these periods.
Down Payment: $425,000
Total Sales: $250,000
Cash Flow: $728,484
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: N/A
Inventory: $200,000
Non-Owner Payroll: N/A
Real Estate: N/A
Monthly Rent: N/A
