Asking Price:

$350,000

Gross Income:

$350,000

Cash Flow:

$101,325

EBITDA:

N/A

FF&E:

$235,000.00 *

Inventory:

$10,000.00 *

Real Estate:

$450,000.00 **

Year Established:

1987

Employees:

1-3

Business Types:

Auto Repair, Parts & Services
Miscellaneous Services

** not included in the asking price

* included in the asking price

Business Description

This business is an active AAA-certified auto repair shop with current equipment and up-to-date diagnostic systems, providing full service general automotive repair to customers for 21 years. The owner and mechanics are ASE certified. The business receives high marks for customer satisfaction and about 50% of business is repeat customers. Four full-size bays face a busy street. The 3000 sq. ft. building is well maintained and attractive with excellent signage and curb appeal. The owner has updated the roof, plumbing and electrical over the last few years. A new pole sign includes a scrolling marquee message, time and temperature. The parking lot has a well-maintained surface with easy on and off the street. The owner utilizes several local parts suppliers and promotes parts from major manufacturers.

Detailed Information

Facilities:

3000 sq. ft. building with four full-size repair bays (12 ft. roll doors) on 0.21 acres with paved parking and excellent signage.

Competition:

There are repair shops all over town, but this business competes well with its clean look, quality work, and pricing that offers good margins while well below auto dealer service centers. Personable service and the assurance of AAA and ASE certifications make this a great choice for customers who want a repair center they can trust time after time.

Growth/Expansion:

This is a very manageable business for an owner/operator and a couple of mechanics. It’s just the right size with growth potential based on acquiring new customers through referral and a reputation for integrity.

Support/Training:

Seller will include 40 hours transition assistance and may be available as a part-time mechanic for the new owner.

Reason Selling:

Retirement