This business has an unwavering name in the auto detailing industry, boosting 4.9 star reviews. It is committed to excellence and professionalism and guarantees the best in service and products when servicing client’s vehicles every time.
This company is serving many of our major local dealerships and has built strong relationships for continued business for the new owners. Current owner handles day-to-day logistics, employee management, and auto-detailing. Owners current hours are between 30-50 hours per week depending on business volume.
The sale is structured as an Asset sale, assets are included in the sale price. 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 of your questions.
Annual Revenue and Seller's Discretionary Earnings
2023 Projections
Revenue: $215,000
SDE: $115,000
2022
Revenue: $185,000
SDE: $85,000
2021
Revenue: $160,000
SDE: $90,000
* 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 40% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator
