South San Auto Repair Shop - Priced at Asset Value

Floresville, TX (Wilson County)

Seller Financing Available
South San Auto Repair Shop - Priced at Asset Value

Asking Price:$100,000

Cash Flow:$30,000

Gross Revenue:N/A

EBITDA:N/A

FF&E:$75,000

Inventory:$25,000

Real Estate:$400,000*

Established:2005

*not included in asking price.

South San Auto Repair Shop - Priced at Asset Value

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Business Description

Full service automotive repair shop. The business also does a fair amount of boat engine repair. It's set up for paint and body work (it has an operating paint booth) but does virtually no paint and body work.

The business has two master mechanics and one junior mechanic. There is one helper. There is one employee that helps in the office. There are five employees total plus the owner.

The business owner lacks enthusiasm for the business and would like to sell to a more seasoned shop owner that can run it more profitably. He is offering owner financing for half the purchase price to be paid out over five years.

I know about many auto repair shops that are for sale but might not be advertised. Check out www.saltminebiz.com for information on how Salt Mione can help buyers that want to buy auto repair shops.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
5,000
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business is run from a 5,000 square foot facility located on a major street near downtown Floresville. The facility is owned by the business owner. The owner is willing to lease the facility to the new business owner or sell the property along with the business. The asking price for the property is $400,000.
Competition:
High traffic location. Virtually no advertising. Under utilized equipment. The shop does in excess of $500k in revenue and should be more profitable. The shop owner is a good mechanic. He can fix anything. But in his own words - he is not good at running a business. This business needs a solid shop owner that can inject some new life and enthusiasm into the business. The owner took on some boat repair work. The boats in the parking lot served as billboard and now the business does a substantial amount of boat repair developing a reputation for that type of work. The owner has been asked about putting in a boat dealership at this location but he is not interested in taking on debt to acquire an inventory. It's a natural location if you're interested in a boat dealership.
Growth & Expansion:
The business has a fairly new, fully operational paint booth that is pretty much idle. Additional revenue could be realized by hiring a paint and body man.
Financing:
50,000
Support & Training:
Seller will provide a reasonable training period.
Reason for Selling:
Retirement

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Bryan Baese

Business Listed By:
Bryan Baese

Salt Mine Business Services

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