Established Auto Repair Shop - Seller Financing!

UT (Relocatable)

Seller Financing Available
Established Auto Repair Shop - Seller Financing!
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Asking Price: $309,684

Cash Flow: $124,821

Gross Revenue: $657,679

EBITDA: N/A

FF&E: $99,360

Inventory: $1,000

Established: 1982

Established Auto Repair Shop - Seller Financing!

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Business Description

This location started doing business in 1982. It has five employees and the capacity for another technician. The current owner purchased it in July 2015. The owner was doing the accounting for the business when the opportunity to purchase it appeared. The owner was raised loving the brand and knowing the high-quality work and trustworthiness of the business. It is a nationally recognized name. The shop has the ability to grow as much as a buyer is willing to handle. This location has been in business for almost 40 years. It has loyal customers who bring their children and neighbors in. It also attracts many new customers because of its positive online reviews (a 4.3 rating with around 75% of the reviews being 5 star).

Detailed Information

Inventory:
Included in asking price
Employees:
5 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Total Square Feet: 4,063; Description of Location: Commercial; Condition: Good condition. Built in 1982. There are 16.5 years remaining on the lease, with 5- year options to extend. The current lease is $6,500/month, modified gross. The Lessee pays all utilities and upkeep of the building interior. The building exterior (including walls, roof, HVAC, parking lot) is the Landlord’s responsibility. The lease will need to be assumed by the Buyer or a new Lease can be worked out with Landlord.
Competition:
Utah continues to earn national praise as the “Best State for Business”. The Beehive State has some of the lowest taxes in the country, top-notch infrastructure, a fiscally minded government that encourages job and economic growth, and an unparalleled quality of life. The city where the business is located is a great place for consumers to buy cars. The auto shop is a top performer despite the competitive area.
Growth & Expansion:
There is significant opportunity if the buyer can get contracts with large businesses to service their fleets of vehicles. According to Seller, this could increase revenue by $50,000 or more. The business also has the capacity to hire another technician. This would enable the company to service more customers and increase revenues.
Financing:
$89k down/$220,684 for 72 mos. 5.5%
Support & Training:
Will train for 4 weeks @ $0 cost. The shop currently services brakes, tires, struts/shocks, sensors, catalytic converters, mufflers and tail pipes, switches and regulators, diagnostics, emissions and safety inspections for commercial vehicles (still required by law). They provide most other auto repair services as well besides body and paint. Buyer will need to maintain a City Business License.
Reason for Selling:
Seller is moving to St. George, Utah.
Franchise:
This business is an established franchise
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Matthew Jorgensen

Business Listed By:
Matthew Jorgensen

Murphy Business & Financial Corporation

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Sponsoring Broker:
Marvin Slovacek

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