18 Bay Auto Repair Shop - SOLD

Fort Bend County, TX

18 Bay Auto Service Shop, Includes Property
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Asking Price: $3,100,000

Cash Flow: $704,386

Gross Revenue: $2,882,021

EBITDA: N/A

FF&E: N/A

Inventory: $24,500

Real Estate: $950,000

Established: 1991

18 Bay Auto Repair Shop - SOLD

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Business Description

Sold...

This business is currently in ESCROW and scheduled to close in mid-May. Contact us if you wish to be put on our list to contact when similar businesses are listed.

On April 15th, 1991, the shop opened their doors for business, servicing customers in Fort Bend and Harris counties with the goal of delivering the best automotive service to car owners in a very fast growing area of Houston, Texas. The founder made sure that this goal was met by treating every customer as he would have liked to be treated. This empathetic approach was also instilled with his business partner and the entire staff.

The owner has what he feels are numerous advantages in their market place. He has been in continuous operation in the same location for over 27 years, has a very positive reputation in the surrounding community and thousands of repeat customers.

The company is known for high quality and fast service. One of their objectives is to try to get every car that is brought into the shop first thing in the morning, repaired and back to the customer by the end of the day. It also helps that they have parking for over 100 cars at the facility and can accommodate enough cars to have over five cars for each repair bay per day and don’t have to tell customers to bring it back at another time.

They are in one of the fastest growing areas in all of Texas and predictions for the future remain very positive. The shop is also located in a middle to high end demographic area, the primary customer for this type of quality automotive service center.

They are a full-service repair center and offer services for air conditioning, alignments, batteries, coolant systems, electrical, engine diagnostics, engine repair, exhaust system, oil changes, steering, tires, transmission and state inspections, to mention just a few.

The property where the business is located is an asset of the business and is included in the purchase price. The property was recently appraised at $950,000.

The owner’s take great pride in their business and the facility is kept in immaculate condition. The building consists of 18 service bays, reception area, business offices and restrooms. The property and building are an asset of the company and are a part of the assets being sold with the business.

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Detailed Information

Location:
Fort Bend County, TX
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
10,000
Employees:
14
Facilities:
The building consists of 18 service bays, a reception area, business offices, public and employee rest rooms, parts storage area, employee break room and several parking areas capable of holding over 100 cars. The property and building are owned by the business and is one of the assets being sold with the business. The company receives $750 per month for rental of an advertising billboard on the property they also receive $500 per month for rental of a small fenced in area in the back parking lot. There is the opportunity to charge much more for the rental of the fenced area if the new owner was not a close friend of the renter. The new owner would also be able to take advantage of this recurring monthly revenue. In the 18 service bays there are 14 in-ground lifts, 1 above ground lift, 2 drive on ramps and one with a Dyno for inspecting older automobiles. One of the in-ground lifts is capable of lifting 10,000 pounds and is used for small trucks, RV’s etc.
Competition:
The owner has what he feels are numerous advantages in the market place. He has been in continuous operation in the same location for over 27 years and has a very positive reputation in the surrounding area. The company is known for high quality and fast service. One of their objectives is to try to get every car that is in the shop by that morning repaired and back to the customer by the end of the day. It also helps because they have parking for over 100 cars at the facility and don’t have to turn anyone away because they are “full”. They are located in one of the fastest growing areas in all of Texas and predictions for the future remain very positive. They are also in a middle to high end demographic area, which is their primary customer.
Growth & Expansion:
The owner feels they could increase business by going after fleet accounts. This is a very steady business that provides consistent revenue.
Support & Training:
Included in the sales price the sellers will provide 4 weeks of training at 32 hours per week. The managing partner, is willing to negotiate an extended transition term and stay on for several years. He is staying in the Houston area and is flexible on his future situation.
Reason for Selling:
The owner has bought property in Oregon and is planning to relocate.
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Brad Tait

Business Listed By:
Brad Tait

Tait & Associates Business Brokers

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Memberships & Certifications:
The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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