|Full Price: $495,000||Cash Flow: $290,000|
|Annual Debt Service: –||After-debt service income: $163,792|
|EBITDA: –||Amortization Period: 5 years|
|Interest Rate: 10%||Established: 1998|
Are you searching for a chance to strike out on your own and establish your own business? This auto service shop is priced substantially below market and can be the ideal chance for your Turn A Business venture.
This car servicing shop was fighting to remain afloat in a competitive industry after 25 years of operation. The previous owner was searching for a buyer who could turn the firm around and take it to the next level because he was ready to retire.
With the assistance of Winthrop Capital Group, the new owner can acquire the firm for $495,000 with 10% financing for five years. The firm is a perfect beginning point for the new owner’s Turn A Business adventure, with a strong history and a team of four in place.
The new owner is able to turn things around and expand on the existing foundation after taking over the business. Through successive acquisitions, the company is able to boost cash flow and move to the mid-market, where EBITDA multiples were more than double what they paid to purchase their target businesses. Now, the company generates a positive cash flow of $163,792.00 after debt service and is prospering in a competitive industry.
If you want to establish your own business, Winthrop Capital Group can help you get there. Call us today for a free 30-minute consultation to understand how our Turn A Company incubator program might help you design a strategy to reach your financial goals.