Seller Financing Available
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Asking Price:
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$625,000
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Gross Income:
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$1,320,000
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Cash Flow:
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$210,000
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EBITDA:
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$210,000
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FF&E:
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$350,000.00 *
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Inventory:
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$12,000.00 *
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Real Estate:
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$1,000,000.00 **
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Year Established:
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1986
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Employees:
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22
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Business Type:
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Auto Repair, Parts & Services
** not included in the asking price
* included in the asking price
Business Description
This towing and repair service center for trucks and cars is also a state inspection station. This business has been going for 24 years and the original owner is now selling it. The business is profitable and has plenty of room for growth. Looking for a new leader with energy and vision. The property can also be purchased or you can lease with an option to buy. The owner is anxious to move on. Family and personal issues are pushing this owner to move on. The facility has storage area for vehicles, 5 work bays and 1 emission testing bay. There are 4 trucks and 1 service pick-up included in the sale. There is also $12,000 in inventory plus $350,000+ worth of assets and equipment in the sale price. The business revenues break down as follows: 41% towing, 30% labor, 18% parts and 11% emmissions testing. Room for growth in all areas. 600+ clients. 10,000 people database. AAA listed for emergency service, towing and approved auto repair. State emmissions testing center. State Police rotation for towing. City rotation for towing. Listed on all for towing and storage. NAPA Auto Care Center for 15 years. This is a great add-on business for the expansion minded or a great first time owner business. It is very profitable and has a great customer following! You can't start a business for this price! They have weathered the bad economy and in fact have grown over the last few years! This business has not limits or caps. The sky is the limit. The property also has rental income. The property investment is wise.
Detailed Information
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Facilities:
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Stand alone building with storage and truck parking as well as in and out customer parking. 6,000 sq. ft. of shop and office space. Excellent set up. Rental income upstairs
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Competition:
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Large market excellent name...competition out there but none with all the assets.
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Growth/Expansion:
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Can sell more services and product. Can solicit more new customers...etc....
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Financing:
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Seller will offer to qualified prospects
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Support/Training:
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Seller will transition as needed to incoming ownership
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Reason Selling:
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25 years owned....moving on...
Ad#: 669841
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