Eric’s Engine Shop

Description

When is now the right time to take ownership of your life and financial freedom? This business has a proven track record of excellent customer service and a very loyal customer base, which makes it to be an ideal business for someone looking for low risk with meaningful benefits.

 

If you appreciate a "somewhat" rural lifestyle, just minutes from city amenities, or you'd prefer to be closer to city amenities and have a short commute to your shop, then we're off to a good start. If you have experience as a small engine mechanic, are good with people, or you have some experience working with a small team, then you have some of the important building blocks to a great future in this business?

 

By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most all of your questions.
*The sale is structured as a sale of 100% of the authorized and issued share capital of the company. Working Capital shall be adjusted at $0. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most all of your questions.

Financial Information

2021
Revenue: $555k
SDE: $155k (This is *after* adjusting for a hypothetical rental amount of $18k, which is sufficient to carry a $225k mortgage.)

 

This business has been closed since January 2021, but all the resources, including staff and customer demand, are in place for a new owner to reopen and rebuild. The pricing of this business takes into consideration the impact of having to relaunch, so a new owner will have some runway to work with.

 

*Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.

 

** Our expectations are for a minimum 35% down payment on the final negotiated purchase price, with the balance of the agreed upon business value being financed over 6 - 7 years and the real estate being financed over 20 years.

Real Estate

16k ft2 lot, 2,500 ft2 building. Well insulated, with metal siding.