this well-established company has kept a very reputable image and a network of loyal customers for more than two decades due to the high-level of service the staff provides compared to the other similar facilities in the area. Located in a high-visibility area, near some of the major industrial areas, this business is easily accessible to new and returning customers. With having the longest operational hours and the largest number of truck bays in the region, this business has thrived and revenues are bouncing back after the downturn. The new owner can capitalize on this business by doing more cross marketing with other businesses. With minor improvements, such as closing in one of the bays to have it operate better during the winter season, revenues could be grown even further. The price of the business excluding working capital but inclusive of all fixed assets and goodwill is $87,000 with an implied multiple of weighted cash flow of 2.1 times. Since the seller is selling the operational balance sheet of the business which includes the normal required working capital of $33,000 (this includes inventory), the asking price of the business is $120,000. Located on .5 acres, the price for the real estate is $830,000 for a total asking price of $950,000. Rent to the owner is $55,000 per annum for a total cash flow to the owner of $96,450.
