Category:
8684 - Tire Stores
Location:
Northern California - Central Valley
Business Description:
A national franchise doing business in the mid-Sacramento River Valley. 2019 revenues are up 65% over last year’s performance. 2020 profits are forecast to exceed $360K, even after SBA debt service payments on the purchase of the real estate. Rather than pay rent, be your own landlord and build equity in a completely refurbished building right in town! The acquisition price includes $675K for the business + $70K inventory + $1.2M for the RE, together with the buyer’s $292K down payment on pre-approved SBA financing. Reason for sale: The owners have moved from area and are raising cash to plan future ventures.
12 Months Ended
12/31/2019
$1,273,805
(Sales)
$234,477
(Adjusted Cash Flow)
12 Months Ended
12/31/2018
$868,428
(Sales)
$169,214
(Adjusted Cash Flow)
12 Months Forecast
12/31/2020
$1,953,982
(Sales)
$361,487
(Adjusted Cash Flow)
| # of Employees | Full Time | Part Time |
| Non-Owners | 6 | 1 |
| Owners | 0 | 2 |
Hours of Operation
Mon-Fri: 8am-5pm; Sat: 8am-3pm; Sun: Closed
Licenses Required:
Monthly Rent Including NNN:
$6,565
Expires:
None
Option:
No
Size(sq.ft.):
4,085
Type of Organization:
S Corp
Reason for Sale:
Owners have moved
Training:
5 weeks 40 hours
Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.