How Much Is Your Automotive Related Business Worth?

Do you own an automotive related business?

A question on the top of every business owner’s mind is, “how much is my business worth?”

With season in the rearview mirror, I thought this would be a good time of year to update you on automotive related business sales throughout Florida and give you some data regarding sales and pricing. Here are some numbers for you to ponder:

16 = the number of automotive related business sold in the first half of 2011 by Business Broker of Florida Association members.

$547,071 = the average sale price of the sold automotive related businesses.

$180,011= the average owner benefit generated in each sold automotive related businesses.

2.36 = the owner benefit multiple (sales price divided by owner benefit) of the 16 sold automotive related businesses.

2.38 = the historical owner benefit multiple of all automotive related businesses ever sold in the state of Florida.

68% = the average percentage down of the 16 sold automotive related businesses.

What does this mean?

Automotive related businesses are in high demand. And, in spite of a more conservative and cash strapped buying clientele, they are still paying at or near historical multiples with a percent down not realized in many other industries. If you have been contemplating selling your automotive related business now is a great time! Please contact FBX Intermediary for a no obligation discussion.

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at eric@buysellswflbiz.com or 800-599-0503. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.