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Highly Profitable Niche Auto Repair Business..Seller ready to retire!

Phoenix, AZ (Maricopa County)

Highly Profitable Niche Auto Repair Business..Seller ready to retire!
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Asking Price: $1,350,000

Cash Flow: $386,210

Gross Revenue: $1,197,597

EBITDA: N/A

FF&E: $60,100

Inventory: $5,000*

Real Estate: $850,000*

Established: 2001

*not included in asking price.

Highly Profitable Niche Auto Repair Business..Seller ready to retire!

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Business Description

The business is a well-established independent automotive business operating in Phoenix, Arizona since 2001.
Founded by an expert mechanic/technician, the owner, built his business by specializing in all types of mechanical service from Tune Ups, Suspension Repair, Transmission Repair, Diagnostic Repair, Brakes, Air Conditioning to fully Rebuilt Engines. Known for quality, service, and integrity, the owner has provided award-winning auto repair since its early days. Vehicles are treated with the finest products from brands such as Moog™, Monroe™, and Napa™ to name a few. This total commitment to quality has earned them an A+ rating with the BBB, and very high ratings from Angie’s List, Google, and Yelp. Their reputation for honesty, expert workmanship, and efficient customer service has earned them consistent 5-star reviews (Over 300+ reviews) on Google and Yelp.
Obviously, the name and location of this business are Extremely Confidential and Intentionally are going to be held back and won't be released until qualified buyers demonstrate to the broker that they have the knowledge and financial capabilities to purchase this level of business.

Detailed Information

Location:
Phoenix, AZ
Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
5,100
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
In 2016 the company purchased this building which was only a couple of miles from their old location. Location, Location, Location! This business is operated in an optimum location with multi-lanes in both directions providing high visibility and extremely high traffic count on approximately 1/2-acre lot. New owners may have the option of leasing or purchasing the property. The spacious remodeled (2016) building is clean, modern and bright. It has a very well maintained and organized shop comprising approx. 5,100 square feet with 15 service bays and 8 lifts. The owner has invested heavily in state of the art equipment, as detailed on the asset list in this report. There is parking for 15 vehicles which sometimes doesn’t feel like enough. The property consists of approximately 5,100 square feet of building space on an approximately ½ acre lot. Ownerships LLC will rent the property to the Buyer under a long term lease but their first choice would be to sell both as a potential turnkey sale of the property and the business together under terms to be negotiated and a appraisal being ordered to establish real property value acceptable to both parties. A new proposed lease term could be made available to the potential buyer. A typical example would be for ten years, with two, five year options. Rent Terms will be made available to the right buyer. Other Items included in the lease would be Security Deposit of the First month rent, General Maintenance, Building Insurance, Utilities, Waste Disposal, and General Building and Parking Area Maintenance and Repair, HVAC and Other Systems. Option to purchase the real estate is also available and which would have an appraisal performed to establish acceptable value between the parties. The new buyer would have Right of first refusal to purchase the property during the term of the lease.
Competition:
The business strength lies within its name with several key factors: • It is a well-established firm with a great following of repeat customers over the course of 18 years. • Through prompt, quality work at fair prices, they have earned an excellent reputation with customers with offering third-party payment plans on all repairs. • This business is superbly located on a main traffic artery which provides them outstanding visibility in Phoenix, Arizona. The company possesses one of the most knowledgeable Owners in the industry, with many years of combined experience, along with a well-qualified, well-trained team of technical repair experts.
Growth & Expansion:
Growth Opportunities Continue the upward trend with Sales and Discretionary Cash Flow Sales have increased by over 24% in the last three years. 2018 was a record sales year! Blended SDE the last four years are over $414,000. Increase the wide range of Vehicle Repair Services Add Social Networking and Create Customer Data Base Platform. Add More Certified Technicians Add office staff to Increase Operating Hours Perfect for an Owner/Operator to acquire a business with a great reputation for quality, convenience, and trusted service while offering a Buyer a unique opportunity to control your own destiny and realize your dreams of owning a respected business in the community
Financing:
depends on buyer - Seller is open
Support & Training:
Seller is extremely open to making this a very smooth transition.
Reason for Selling:
Retirement
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(from currently available funds)
 
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doug barrett

Business Listed By:
doug barrett

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