Company: SVS Autocare
Time to sell: 12 weeks
Expression of Interest: 12
Sold: At 95% of asking price
Customer
A European car specialist, with excellent staff – 2 part-time working owners and 5 full-time staff members.
Background
After my being recommended by two business owners and hearing a LINK advertisement on the radio the Vendor decided that all the signs pointed toward LINK. She walked into our office to tell me that I was the one to sell her business. She had previously listed the business with another brokerage with no result.
Our approach
Our Valu.LINK tool valued the business at $360,000, a realistic price for the industry. The Vendor asked if we could try for more, I agreed that we could try for 1 month.
Result
Listed at $425k +SAV sold at $400K +SAVTP. The Vendor bought me 2 bottles of champagne to celebrate and has now embarked on a new business venture.