Let’s break it down.
Revenue: 2019: $1.34M 2020: $1.49M 2021: $1.62M 2022: $1.57M 2023: $1.65M
Expenses: Payroll: $354K/year Rent: $180K/year Other operating costs included, but real estate is available for $2M.
Net Profit (SDE): 2019: $235K 2020: $182K 2021: $204K 2022: $190K 2023: $287K This business is healthy.
Buyout Price: Asking price: $800K Value of equipment: $15.5K Total investment: $800K + optional real estate purchase ($2M)
Comparison: Revenue in 2023: $1.65M Net profit in 2023: $287K Return on investment: Appears strong given the steady growth. Great opportunity.
Here’s the best part: This business has long-term clients like FedEx, Lowe’s, and state departments.
The new truck stop being built nearby could bring in even more business. Add in some focused fleet service marketing, and the potential here is massive.
This is why I love business: A solid foundation + strategic expansion = even greater success. The current owner is looking to step back, so there’s room for fresh ideas.
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