Services - Auto Repair, Parts & Svcs

Asking Price	$425,000	Inventory
Gross Income	$643,740	Real Estate
Cash Flow	$153,963	Year Established	1991
FF&E	$110,000*	Employees	4

* included in the asking price

** not included in the asking price

Well established Auto Repair business! Business was started in 1991 and current owner acquired the business in July 1997. This business is prospering in the recession and has prospered in good times as well. Sales are up 10% for the first 6 months of 2009 vs. 2008. Why? Consumers are keeping their cars longer and the business is focused on providing excellent customer service which results in great word of mouth referrals and in loyal customers. The business has seen a steady increase in the customer base. There are 3000 customers in the company s database of which 1000 are active customers. State inspection facility and the business does a lot of state inspections, in fact 30% of business is associated with inspections.. The business has a fully automated Point of Sale system, customer database, and QB accounting software. On staff, there is also an assistant manager/service writer that can manage much of the day to day operation of the business, freeing the owner to spend time on business development. This will make it easier for a new owner to transition into the business and to learn the business. Auto repair experience is not required to purchase this business if a buyer has management experience. This is a cash business with no receivables making it easy to manage cash flows. Business operates only 5 days per week (Monday-Friday). The business is providing the owner with executive-level income and still has tremendous growth potential! Sales Volume: $643,740 in 2008 and on track to reach at least $700,000 in 2009. Seller s Discretionary Earnings $153,963 in 2008 and 2009 estimated to be about $175,000 Contact John for details.

Facilities: Business lease a garage located on busy street with traffic count of over 15,000 cars per day. 5 bay garage, office/waiting area, plenty of off-street parking.

Growth/Expansion: (1) by expanding the days of operation from 5 days/week to 6 days/week; (2) increasing the advertising.

Financing: Seller will provide some financing, negotiable. Bank financing available.

Support/Training: Seller will provide 4 weeks of training included in the sale immediately after closing.

Reason Selling: Retirement