Overhead Garage Door Sales, Installation, and Repair
32021 Gross Sales $ 918,567***SDE $ 116,298***Real Estate Included
Specifications
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Price: $749,000 (Includes Real Estate) |
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Revenue: $727,982 (3-Year Avg) |
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Projected Revenue: >$1,000,000 (2022) |
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Location: San Joaquin County |
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Counties Served: San Joaquin, Calaveras, Contra Costa, & Sacramento |
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Facility: 2,365 Square Feet Warehouse & Showroom |
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Employees: 1 Owner & 2 Full time |
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Reason for Sale: Pursuing Other Interests |
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Growth Potential: Substantial |
| Year Established: | 2013 (34 years’ experience in industry, and 9 years as an owner) |
| Services: | Overhead garage door sales, installation and repair |
| Facility: | 2,365 square feet showroom and warehouse |
| Real Estate: | Sale price of $749,000 includes building that houses showroom and warehouse (built 2006) |
| Clients: | Developers, contractors, and homeowners |
| Personnel: | 1 owner with 34 years-experience and 1 seasoned full-time employee |
| Hours of Operation: | Showroom open by appointment, work is performed Monday through Friday |
Available for sale is a full-service family-owned auto repair shop that has been serving the automotive needs of its neighborhood and beyond for 38 years.
Although capable of working on all makes and models of vehicles, this shop has developed a reputation as the “Go To” place to trust for your Mercedes Benz service needs.
Growth potential is high, especially if the new owner expanded into working on the other popular brands and hiring additional technicians.
Asking Price
The asking price is determined using a cash flow methodology. Cash flow is the sum of net income from the business plus any non-cash expenses, non-recurring items and any seller’s personal expenses. A multi-factor multiplier is applied to the cash flow based on the condition of the business.
For this business, a four-year average cash flow is applied making the business price more favorable to the buyer. The multiplier applied in this case is 3.74x, below the market in favor of the buyer.
Value Proposition
- Includes Real Estate
- Strong Reputation
- Excel lent Customer Reviews
- Pandemic Resistant
- Realistic Growth Potential
- Consistent Demand for Services
- Listing Price $ 595,000 including $ 25K Inventory
- Furniture, Fixtures, and Equipment Value $125,000
- Strong Growth Potential
- 2021 performance is recovering from COVID dip
Revenue Breakdown
Financial Highlights
Cashflow Analysis
Funding Example
Purchase Price: $749,000. Seller does not want to sell business or real estate separately
20% Buyer Down Payment
$149,800
Buyer’s Equity
80% Bank Loan
$599,200
10-Yearterm at a rate of 5.50% = Monthly loan payment of $6,503
- Cash Flow (4-Year Average SDE $94,856)
- Annual Payment to Bank: $78,036
- Net Profit (After Expenses and loan payment): $16,820