Seller Financing Available

Asking Price:

$1,450,000

Gross Income:

$838,812

Cash Flow:

$265,000

EBITDA:

$146,817

FF&E:

$180,000.00 *

Inventory:

$45,000.00 *

Real Estate:

$950,000.00 *

Year Established:

2006

Employees:

5 1/2

Business Types:

Auto Repair, Parts & Services
Automotive Dealers

* included in the asking price

Business Description

This auto and truck inspection and service center s focus is to customers having small fleets, especially with trucks of 26,000 GWV and less. Limousines, box trucks, Recreational Vehicles (campers) and other vehicles not able to be serviced by many competitors are serviced here. Primary business volume is to automobiles of all brands, but with a preference to unique and high end vehicles.
Key income generators for this company include automobile and truck inspections, diagnostic services, general repair, and the installation of remanufactured engines and transmissions. The company replaces auto glass and provides brake, exhaust, electrical, A/C and heating system service and provides preventive maintenance service including oil changes and alignments. The company is an official Tire Service Center and is a Snow Plow Dealer both offering sales, parts, service and installation of well-known branded products.
Although only 5 years old at this location and in this corporate format the business previously operated nearby for over 30 years.

Detailed Information

Facilities:

A 5012 square foot updated 1980 s steel building with truck access door also includes 6 lifts and additional floor service area. Service equipment includes equipment and licenses for Massachusetts Auto & Truck Inspections. A customer waiting area adjacent to the manager s office, multiple restrooms and an employee lunch area are located below a mezzanine with owner s office and an inventory storage area. A six auto sales license with a yard display area is included. A lease could be considered.

Competition:

There are a few smaller competitors in this industrial zone established for industrial, service and warehouse use. Competitors do not have the ability to service larger vehicles facilitating a unique offering to customers of this business. Employees of other local businesses easily schedule their service during their nearby walk-to-work hours. A large densely populated residential area is also nearby.

Growth/Expansion:

New customers are not aggressively marketed by seller who depends on repeat sales for this 5 day business with occasional Saturday hours. There is much opportunity to advertise to the public and/or market further for fleet business. The included Auto Sales license generates sales separate from this service business and sales figures are not included in Gross Sales. Inclusion would provide additional income if added to the service income. An Auto Body Repair license is included but only in limited use at present.

Financing:

Up to $500,000 to a buyer of the business including real estate

Support/Training:

Seller will provide transition assistance matching the needs of the buyer

Reason Selling:

After many years of service seller wants focus on auto sales only.

Broker Information

Bradley Field

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