54 Yr Old Denver Auto, Light Truck & RV Repair Center, Great Location
Since 1965, a transmission repair company that has grown into a very steady 1M in revenue per year with 210K in earnings. 2018’s revenues were 1.015M with earnings of 211K. 2017’s revenues were 1.015M with earnings of 216K. The business is trending exactly the same in 2019. This is priced at less than 2 ½ times the earnings plus inventory estimated to be 40K.
There are 2 owners. The original owner is retirement age and does very little every week for the business. The newer owner helps with the front of the shop taking in and checking out the vehicles among other things. The newer owner will stay if the new owner wants him to. They get a lot of referrals from previous customers, other repair shops, and dealerships. The business will not change after the sale based on how they get their business.
The buyer will also get 40K in Equipment, Furniture, one vehicle, etc.
This company has a 4.8 Star Rating on Google with 93 reviews which is excellent plus an A+ rated by the BBB.
The sales price is 500K plus inventory which is estimated to be 40K. A bank will only require 10% to 20% matching from a qualified buyer meaning a buyer may qualify with no more than 100K in liquidity.