Seller Financing Available

Asking Price:

$398,000

Gross Income:

$716,340

Cash Flow:

$203,648

FF&E:

$48,300.00 *

Inventory:

$10,000.00 *

Real Estate:

N/A

Year Established:

1996

Employees:

5

Business Types:

Auto Repair, Parts & Services
Miscellaneous Repair Services

* included in the asking price

Business Description

Amazing opportunity to purchase sixteen years worth of goodwill, reputation and client contacts with this established and highly profitable auto service company. This business has been SBA pre-approved with an approximate $60,000 buyer down payment. A buyer would see a return on their down payment in well less than a year! This high volume operation bills and closes approximately a dozen cars daily. Satisfied customers and their family members repeatedly come back to this auto shop. Along with having a strong local customer base, they also have established relationships with various commercial businesses. A new owner will assume a very favorable lease with 5 years remaining and a current negotiated rate of $13 per square foot. The leased premises has 7 bays and 5 doors. This business comes complete with all of the equipment required to run a full service auto repair business including: 3 Rotary 10,000 Lifts, 1 Rotary Truck Lift, Hunter Alignment Rack and Computer, lathe, tire machine, emissions machines, 2 Champion Compressors and other miscellaneous equipment. This business is perfect for a mechanic looking to acquire their own shop, or an established auto service company looking to expand. A new owner could expand the business by advertising aggressively and establishing additional commercial relationships in the area. The owner does no advertising or sales outside of repeat customer postcard and coupons. A website for the business may also help to increase sales. Contact Doug Whalen, Esq. to learn more about this business. Visit www.esqbb.com for the status of this and other opportunities.

Detailed Information

Facilities:

Very favorable lease terms over the next 5 years. New monthly rent payment of $4,000 a month for approximately 3,600 square feet. The leased premises has 7 bays and 5 doors.

Growth/Expansion:

A new owner could expand the business by advertising aggressively and establishing additional commercial relationships in the area. The owner does no advertising or sales outside of repeat customer postcard and coupons.

Financing:

Negotiable

Support/Training:

Negotiable

Reason Selling:

The owner is moving out of the area.