Miami, FL
Automotive and Boat Established Businesses For Sale
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Buy or Sell an Automotive and Boat Business
Some automotive and boat businesses for sale specialize in retail, while others focus on providing services like repairs and maintenance, and still others offer a combination of both. From auto repair shops and car washes to towing companies, truck stops, and gas stations, the businesses in the automotive sector keep consumers moving. The auto repair and maintenance industry is bouncing back from 2020 pandemic related disruptions. The auto industry accounts for 3% of GDP for the U.S. and employs over 1.7 million people. This sector is expected to expand by over 5% during the next decade. With projected growth in both marine and automotive repair industries, businesses in these sectors may be good investments. One of the primary advantages of buying an existing automotive or boat business is that it comes with established credibility in the market.
| Market Overview | Listings for Sale (Median) |
|---|---|
| Number of Businesses Analyzed | 1,524 |
| Asking Price | $649,000 |
| Reported Revenue | $1,000,000 |
| Reported Seller's Discretionary Earnings | $196,651 |
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings.
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $299,375 | $649,000 | $1,400,000 |
Market Financial Highlights
The financial data presented here is an aggregation of reported revenue and earnings of Automotive and Boat Businesses for sale.
| Bound | Revenue | Seller’s Discretionary Earnings |
|---|---|---|
| Lower Quartile | $474,357 | $110,674 |
| Median | $1,000,000 | $196,651 |
| Upper Quartile | $1,900,000 | $342,164 |
Valuation Multiples
The valuation multiples listed below are derived from asking price, revenue, and seller's discretionary earnings of Automotive and Boat Businesses listed for sale.
| Bound | Revenue Multiple | Earnings Multiple |
|---|---|---|
| Lower Quartile | 0.43 | 2.19 |
| Median | 0.70 | 3.08 |
| Upper Quartile | 1.26 | 4.76 |
FAQ's
How much does it cost to buy an Automotive and Boat Business?
The median asking price for an established Automotive and Boat Business is $649,000, though prices range from under $299,375 to well over $1,400,000.
How much do Automotive and Boat Businesses owners earn?
The median reported revenue of Automotive and Boat Businesses is $1,000,000 and owners earn a median of $196,651, which includes the owners salary and any other financial benefits they receive.
How do I value an Automotive and Boat Business?
Valuing a business is a complex process, but buyers and sellers often turn to the local market to understand how businesses are priced. Based on our most recent analysis of Automotive and Boat Businesses, revenue multiples range from 0.43 to 1.26, with a median of 0.70. Earning multiples range from 2.19 to 4.76, with the median at 3.08. This means the typical Automotive and Boat Business may ask for around 0.70 times its annual revenue, and 3.08 times its annual owner earnings.
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