Auto Service Center - Training - Financing

Hillsborough County, NH

Seller Financing Available
Auto Service Center - Training - Financing

Asking Price:$475,000

Cash Flow:$175,000

Gross Revenue:$622,495

EBITDA:N/A

FF&E:$143,000

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:1991

Auto Service Center - Training - Financing

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Business Description

Auto service experience is not required if buyer has business management experience and willing to learn. Well established Auto Repair business! Business was started in 1991 and current owner acquired the business in 1997. It has prospered in good times as well as during recessions. Sales have averaged about $630,000 during the past few years. The business has focused on providing excellent customer service which results in great “word of mouth” referrals and in loyal customers. They have seen a steady increase in the customer base. There are over 3300 customers in the company’s database. It is a NH State inspection facility and the business does a lot of state inspections and related business with inspections. There is a fully automated Point of Sale system, customer database, and QB accounting software. The business employs 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 learn and transition into the business. It is a cash business with no receivables making it easy to manage cash flows. The business operates only 5 days per week (Monday-Friday) but can be expanded to some weekend hours. The business is providing the owner with executive-level income and still has tremendous growth potential! This opportunity is being offer because the owner is retiring. However, the owner will stay on to train and fully transition the business to the new owner. For more information call or email John Coto, Certified Business Intermediary at Alliance Business Brokers, LLC at 603-880-8200.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
2,800
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facility: The business leases approximately 2800 sq. feet with off street parking in a stand-alone building. The garage has 14’ ceiling (for trucks), 5-bay garage; 4 with lifts and 1 flat area; as well as an office/waiting area, It is a high-visibility location with good signage. Rent: The property is owned by related entity and is offered on a triple net basis (NNN) at $3,000 per month plus property taxes ($5100 per year) Lease Term: Landlord will offer multi-year lease to new owner.
Competition:
Long history with large customer base.
Growth & Expansion:
May possibly be achieved by (1) increased advertising and marketing; (2) by expanding the days and hours the business is opened (3) hiring an additional tech.
Financing:
Some Seller Financing, Negotiable. SBA Financing to qualified buyer
Support & Training:
Seller will provide 4 weeks of training included in the sale immediately after closing
Reason for Selling:
Retirement

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John Coto

Business Listed By:
John Coto

Alliance Business Brokers, LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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