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Buy or Sell an Automotive and Boat Business in Michigan
| Market Overview | Listed for Sale |
|---|---|
| Number of Businesses Analyzed | 31 |
| Median Asking Price | $625,000 |
| Median Reported Revenue | $1,560,000 |
| Median Reported Seller's Discretionary Earnings | $200,000 |
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings.
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $375,000 | $625,000 | $1,791,250 |
Market Financial Highlights
The financial data presented here is an aggregation of reported revenue and earnings of Automotive and Boat Businesses for sale in Michigan.
| Bound | Revenue | Seller’s Discretionary Earnings |
|---|---|---|
| Lower Quartile | $644,833 | $100,000 |
| Median | $1,560,000 | $200,000 |
| Upper Quartile | $3,376,006 | $489,522 |
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 in Michigan.
| Bound | Revenue Multiple | Earnings Multiple |
|---|---|---|
| Lower Quartile | 0.30 | 2.35 |
| Median | 0.53 | 3.00 |
| Upper Quartile | 1.09 | 4.72 |
| Find out what these types of businesses actually sell for with a BizBuySell Valuation Report | ||
FAQ's
How much does it cost to buy an Automotive and Boat Business in Michigan?
The median asking price for an established Automotive and Boat Business in Michigan is $625,000, though prices range from under $375,000 to well over $1,791,250.
How much do Automotive and Boat Businesses owners in Michigan earn?
The median reported revenue of Automotive and Boat Businesses in Michigan is $1,560,000 and owners earn a median of $200,000, 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 in Michigan, revenue multiples range from 0.30 to 1.09, with a median of 0.53. Earning multiples range from 2.35 to 4.72, with the median at 3.00. This means the typical Automotive and Boat Business in Michigan may ask for around 0.53 times its annual revenue, and 3.00 times its annual owner earnings.
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