| PROFILE: It Is Your Lucky Day! Illness Forces Sale Of 50-Year-Old Family Business! |
| Status: |
Available |
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| State: |
Washington |
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| Location: |
NE Seattle |
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| County: |
King |
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| City: |
Seattle |
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| Primary Category: |
Retail Related |
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| Alternate Category: |
None Given |
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| USABizMart Ad #: |
127690 |
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| Seller Or Contact: |
Rick Eggleton |
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| Primary Phone: |
949-788-7775 |
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| Alternate Phone: |
None Given |
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| Email Address: |
See Form Below |
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| Date Ad Started: |
7/22/08 |
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| Date Ad Last Revised: |
8/3/08 |
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| Asking Price: |
$179,000 |
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| Down Payment: |
SBA Loan |
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| Annual Revenue: |
$1,081,407 |
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| Annual Adjusted Net: |
$131,551 |
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| Price Range: |
$100,001-$250,000 |
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| Franchise: |
No |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
Call |
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DESCRIPTION: It Is Your Lucky Day! Illness Forces Sale Of 50-Year-Old Family Business That Has Supported 3 Generations. Priced To Sell!
Everyone I Talk To Says Find Me A Good Business That’s For Sale Because Of Illness In The Family Or The Owner Is Ready To Retire And There Are So Few Of Those Kinds Of Businesses That Come On The Market. This Is One Of Those And It Won’t Last Long.
Automotive Service Equipment Design, Sales, Installation And Service Company. Asking Price $179,000.00 Plus Inventory (Approximately $50,000.00); Sde $131,551.00. Reliable Financial Information Available. Business Qualifies For SBA Guaranteed Business Acquisition Loan Provided You Qualify. You Will Need About $60,000.00 In Cash For A Downpayment.
Incorporated In 1958 This Business Celebrates Their 50th Year Serving The Needs Of Auto Dealerships And Auto Repair Shops By Providing The Design, Sales, Installation And Service Of Lifts, Hydraulic Equipment, Air Compressor Equipment And Systems, Fluid Flushing Systems, Yak, Yak, Yak (Need Specifics). This Family Business Was Passed From Father To Son And Has Supported Three Generations. The Current Owner Has Health Issues That No Longer Allow Him To Actively Or Passively Operate The Business. No Other Family Members Have The Skills Or Desire To Take Over The Business.
The Good News Is It Comes With A Strong Management Team Consisting Of A General Manager, A Lead Technician And An Office Manager All With Years Of Experience. This Team Can Help You In Your Transition To Owner.
This Is A Great Business! During The 50 Years It Has Been In Business They Have Developed A Terrific Reputation For Quality And Customer Service. The Company Is Well Known And The “Go To” Solution For It’s Customers.
Long-Standing Customer Relationships Exist With End Users, Architects, And Contractors. Owner Has In The Past Handled All New Project Installations From Design & Sales To Final Installation. The Gm Has Been Associated With The Company For More Than 5 Years And The Lead Mechanic 10 Years And Together They Have Taken Over Those Functions.
The Automotive Repair Industry Is Stable And Growing. Each Year There Are More And More Vehicles On The Road. If You Own A Car Or Truck You Know That Eventually It Will Need To Be Serviced. Just As The Car Will Need Service So Will The Equipment Used To Allow The Technician Access To The Car.
Stuff Breaks. When That Happens Stuff Gets Replaced Or Repaired. That’s Where You Come In. You Install It; You Repair It Or Replace It. Someone Else Installs It And Because Of The Long-Standing Reputation For Great Service You Still Get To Repair It And Maybe Even Replace It.
Then There Are The New Automotive Service Places That Need Equipment. They Continue To Open Year After Year Because The Number Of Cars On The Road Increases. Today In The Us The Average Age Of Cars And Light Duty Trucks On The Road Is 8 Years. That Means An Ever-Increasing Demand For Repair Services. And That Means An Ever-Increasing Demand For Service Equipment And Service Equipment Repair.
What Makes This A Good Opportunity For The Right Buyer Is:
Longevity And Repeat Customers
Reputation For Quality
Management And Line Staff In Place
Steady Annual Revenues
Multiple Revenue Streams
Suppliers In Place
Dependable Cash Flow
Stable Industry, Not A Fad
Expandable
Other Opportunities:
Marketing
Sales
Increase Service Rates
Increase Installation Rates
Ability To Secure SBA Guaranteed Financing
What Skills Does New Owner Need?
Common Sense; No Make That Street Smarts
Ability To Work Well With Others
Ability To Delegate Task And Responsibility
Some Technical Knowledge
Ability To Attract Followers
Desire To Build From A Solid Base
Organization And Prioritization
Some Ability To Understand Pricing
Above Average Standards For Quality |
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