Services - Auto Repair, Parts & Svcs

$Seller Financing Available

Asking Price	$395,000	Inventory
Gross Income	$507,516	Real Estate
Cash Flow	$140,000	Year Established	1999
FF&E	$80,000*	Employees	4 ft 1pt

* included in the asking price

** not included in the asking price

Recession resistant full service Auto Repair business! Sales are up 25% for the first 9 months of 2009 vs. 2008 and on track to reach over $625,000. Seller's Discretionary Earnings on track to be over $150,000 in 2009. In fact sales have grown steadily from 2006 to 2008 about 25%.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. Business was started by current owner in December 1999 and therefore is well known in the community. 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. In April 2009 the mechanic staff is going through the ASE certification process which will increase the proficiency of the staff and help continue improvements in customer service and profitability. Business operates only 4 days per week (Monday-Thursday) and has tremendous growth potential. Sales volume: 2006 $403,245; 2007 $435,493; 2008 $507,516; For 2009 they are on track to be over $625,000. Possible SBA financing to qualified buyer. Excellent opportunity!

Facilities: The business leases approximately 1900 sq ft, which consist of 3 bays and 1 office and waiting room. Seller is paying $2494 per month including base rent and property taxes. Current lease term is through March 14, 2013; it is expected that landlord will give buyer additional extensions.

Competition: Some competition but contined growth over the years shows loyal customers and alot of word of mouth referred customers.

Growth/Expansion: (1) by expanding the days of operation from 4 days/week to 5 or 6 days/week; (2) increasing the advertising.

Seller Financing Available: Yes

Financing: Expected that most of funds from Buyer and Bank. Seller will finance, negotiable

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

Reason Selling: In the automotive industry 25+ years, Seller wants to pursue other interest.