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Mobile Auto Glass, Big Equity Building Potential
Location: United States -> Colorado -> Denver
Industry: Auto Related > Auto Repair




Business Summary

Mobile Auto Glass Company
Location: South Denver, CO but could eventually move anywhere in Denver.

The 2016 earnings were 186,183 on 1,134,259 In revenues. This company is priced at less than 2 times the 2016 normally adjusted earnings. The adjusted earnings of 2015, 2016, and the first 4 months of 2017 are being shown at levels that are below what they should be. I only took part of the add backs. He was paying a manager $1,500 a week plus bonuses while he was growing a different company and not watching this business while it was shrinking. He also spend over $70K developing a software program that is working great and saved them 3 administrative jobs that I could add back their salaries but didn't.

The company's top and bottom line has grown every year until 2016 when they decided to mostly stop doing REPAIRS because of the cost of fighting to get paid by the insurance companies. REPLACEMENTS are more profitable but require salespeople and he has shifted his time to his roofing company. He had hired a manager to replace him but had to part ways with him this spring when he realized it was not working out. That manager is now in the construction business and has not been replaced. He decided to sell the company instead of replacing him allowing the new owner to fill the role of managing and growing this business.

The owner built this company from 0 in revenues to 1M in revenues with the vans and equipment to be able to generate more than 2X this in revenues before additional capitalization would be necessary.

The sales price is 345K which was established by taking less than 2 times their 2016 earnings. A buyer will want to buy this for the growth and equity building opportunity plus they will also get an estimated 55K in FF & E which is mostly 2 Vans and Equipment.

They have great relationships with Dealerships, Repair Shops and Insurance Agents.

For a Full Sales Package, contact Jeff at 303-905-7607 or Business Broker Colorado.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,134,000
Cash Flow:   $186,000
Cash Flow Type:  EBITDA
Inventory:  $55,000
Seller Financing:  Yes

About The Business

Year Established:  2012
Number of Employees:  4 - 5
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The seller will stay as long as needed
Reason For Selling:  He wants to spend more time with his family




Print Listing Id: 700285223
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Related Searches: Auto Dealers  >  Auto Parts Retail and Distribution  >  Auto Rental  >  Auto Repair  >  Car Wash  >  Gas Station  >  Other Auto Related  > 

Also See: Franchise Opportunities > Franchise Resales > Colorado Businesses For Sale > Colorado Franchises For Sale > Colorado Business Brokers



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