|
New Owner Scenario
|
|
|
|
|
|
|
|
|
|
|
price |
|
$ 625,000.00 |
|
|
down pmt |
20% |
$ 125,000.00 |
|
|
balance to finance |
$ 500,000.00 |
|
|
interest per year |
7.5% |
$ 37,500.00 |
|
|
|
|
|
|
|
revenue |
|
$ 681,000.00 |
|
|
parts |
|
$
216,000.00 |
|
|
revenue minus parts |
$ 465,000.00 |
100% |
|
|
|
|
|
|
expenses for business: |
|
|
|
interest to loan |
$ 25,431.00 |
|
|
property tax |
$ 4,000.00 |
|
|
utilities |
|
$ 5,270.00 |
|
|
insurance |
|
$ 11,862.00 |
|
|
telephone |
|
$ 2,417.00 |
|
|
Internet |
|
$ 1,000.00 |
|
|
advertisement |
$ 2,505.00 |
|
|
sanitation |
|
$ 3,621.00 |
|
|
supplies, maintenance |
$ 40,526.00 |
|
|
gasoline for Trucks |
$ 26,294.00 |
|
|
miscellaneous expenses |
$ 15,000.00 |
|
|
accounting |
$ 3,000.00 |
|
|
employees paid |
$ 100,000.00 |
|
|
total expenses |
|
$ 240,926.00 |
52% |
|
income after expenses |
|
|
|
before tax & principal |
$ 224,074.00 |
48% |
|
|
|
|
|
|
cash on cash return |
179% |
|
|
cap rate |
|
36% |
|
|
|