Owner Financing is Available!
Business Overview:
The business is a wheel and wheel cover replacement and restoration company whose customer base is mainly auto dealers, auto repair body shops and insurance companies who need restoration work done quickly and enjoy the HUGE savings of repairing one wheel vs. the replacement of four wheels to have a matching set. There is also walk in traffic to purchase new wheels, single hubcaps and other items. Wheels and other parts are shipped in then repaired often overnight and shipped out the next day by FedEx. There is a BIG demand for this service which operates in a quickly growing regional area. This business’ story is unique. It is not a fully mature business at this time but has benefited from the owner’s extensive experience in a very similar but well seasoned, very successful business in the West Valley area of Salt Lake City. When the owners offered that business for sale it was transferred in a traditional manner in November of 2007 to a customer who exited his auto dealership ownership to pursue his new opportunity. The non-compete agreement of that transaction required the owners to relocate to a new out-of-state area so they successfully picked a Montana city for its regional business benefits and for its recreational lifestyle. There was never a plan to sell this business at this time. However, a current family matter due to the unexpected illness of the owner’s father is requiring their relocation to assume leadership of the family’s principal business. That leadership has already commenced on a part-time basis via scheduled monthly trips. As a condition of Business Advocates’ acceptance (but prior to) of this client, the owner’s ordered a third party hypothetical appraisal to accurately determine the value of the company by an unrelated party. The price of the business reflects the conclusion of the appraisal company, a well respected national firm in business for over thirty years. The appraisal price is based on a Discount Of Future Earnings. The Revenue and Owner Benefit numbers above are projections made by the appraisal company. A copy of the appraisal will be available to pre-qualified parties for review with Business Advocates staff.
--- It will greatly speed your receipt of detailed information on our client's business, if you will complete our pre-qualification forms at the time of your initial inquiry. Simply cut and paste the following into your Internet browser and complete the Hey, I'm Interested form at http://www.bizadvocates.com/contact-us/form/interested/
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The facilities include a front office and main building of approximately 2,000 square feet, a second building with 1,700 square feet of space and a nice addition encompassing approximately 700 square feet. The entire facility is enclosed with a nice fence and is located close to the interstate highway for easy access and has new signage. This property is not included in the appraised value or the selling price of the business as it is owned by the Sellers personally and/or a legal entity owned by them.
Market Competition and Expansion:
There are no other businesses in the city, or even the state of Montana, that offer the products and services provided by this company. It is unique.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.