3 year OWNER FINANCING - Established & Profitable Auto Repair

Germantown, MD (Montgomery County)

Seller Financing Available
3 year OWNER FINANCING - Established & Profitable Auto Repair
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Asking Price: $169,000

Cash Flow: $124,800

Gross Revenue: $564,000

EBITDA: $124,800

FF&E: $161,782

Inventory: $9,873*

Rent: $6,065 /Month

Established: 2006

*not included in asking price.

3 year OWNER FINANCING - Established & Profitable Auto Repair

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Business Description

The company specializes in auto diagnostic, repairs, preventive maintenance and brake service. The business is located in a prime location with a high daily traffic count. The facility is clean and well equipped to diagnose and repair most vehicles. The company also sells and repairs tires. The owner does not need to have any experience in the mechanical side of the business, current technicians can do diagnostic and repair while the owner manages the business.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,500
Lease Expiration:
9/4/2020
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is situated in a clean modern facility that is well equipped to diagnose and repair most cars. The facility also has a clean and comfortable waiting area that projects professionalism and quality for the business.
Competition:
There is competition in this market, but the market is forecast show a compounding 3.4% growth through 2017-just 1.5% shy of the rest of the U.S. economy's forecast growth. Long term growth is being predicted for this industry. While new car and truck sales are strong, people are holding onto their vehicles longer than ever before: 11.6 years on average in 2017.
Growth & Expansion:
The industry will pick up as more and more used vehicles enter the market. 2017 will be a record year for new vehicle lease turn-ins, which will put more used vehicles on the road as dealers clear their inventory. As these vehicles come out of their factory warranty periods, they will need to be serviced. "Market forecasts are looking good for the American automotive repair industry. According to the Automotive Aftermarket Industry Association, forecasts
Support & Training:
No previous experience is necessary as the seller will provide 2 weeks of training for the new owner. More training is possible upon mutual agreement. The technicians will stay so the new owner does not need to perform repairs. The new owner will be focused on management and getting new business.
Reason for Selling:
Retirement
Business Website:
http://WWW.BIZPROFITPRO.COM
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Marv White

Business Listed By:
Marv White

Bizprofitpro

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