Listing Number: 57971-649355
Thank you for viewing this business for sale! For approximately $45,000 on hand liquid, you can own a business that’s been around for more than 28 years. Be advised, this can be cash, a retirement account such as a 401K (without incurring the tax penalty), or a variety of other methods. With that, along with a reasonable credit score, there is no reason to believe you wouldn’t be approved for financing for the purchase of this business! We can even add working capital to the loan which can be used for a variety of expenses including advertising, hiring, or building upgrades.
If you decide to move forward with bank financing, this business makes $100,000 of net income, that is profit after all expenses are paid, INCLUDING debt service! That means your initial investment of $45,000 could be paid back to you in less than 6 months if you simply maintain what the business is currently doing!
This is one of the safest businesses you can buy. For one, there is prime real estate included in the sale. Worst case, you have a piece of real estate to protect your investment. Also, the Seller is willing to offer some seller financing which gives them a financial vested interest in your success. If you use a bank loan, the bank will be an independent third party reviewing the financials of the business alongside you for added protection. All in all, when it comes to owning your own business, this business is one of the safest investments you can make.
Administratively, there are 4 long time employees including a manager in place. There is no reason to believe these employees wouldn’t stay on after the sale. Additionally, the seller is willing to stay on, at no additional cost to the buyer, for a period of time after the sale in order to help make the transition as successful as possible. All in all, we estimate a new buyer, keeping the business operating as is, would need to work only approximately 20 hours per week in the business.
Bottom line, this is an excellent opportunity for someone looking to own their own business. Furthermore, it currently operates at less than HALF of its current capacity. Therefore, anyone who comes in certainly has growth potential if they want it.
Look forward to hearing from you!
- Price: $850,363
- Down Payment: $85,036
- Sellers Discretionary Earnings: $141,786
- Total Sales: $605,555
- Location: Chatham County, Georgia
- Inventory: $6,000
- FF&E: $59,600
- Employees: 5
- Reason for Selling: Retirement
- Category: Automotive