|
It says "shop inventory, equipment & other assets" in the amount of $246K is included. So blue sky is around $230K. Still not an insignificant number.
The lease would be a big issue. Is is long term? High rent? Need to be personally guaranteed? Etc. A bad lease can be a huge liability.
IMO it's hard to value this type of biz. This is a very "low barrier to entry" kind of business. I.e., pretty much anyone with a pulse can get a used car dealer's license. You need a way to purchase/finance inventory, but buying this biz doesn't help you in that area.
|