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Non-franchise Auto Garage Killing it for 19 years- ABSENTEE owner

Sumner County, TN

Seller Financing Available
Non-franchise Auto Garage Killing it for 19 years- ABSENTEE owner

Asking Price:$460,000

Cash Flow:$196,000

Gross Revenue:$731,000

EBITDA:N/A

FF&E:$101,000

Inventory:$10,000

Real Estate:$260,000*

Established:1998

*not included in asking price.

Non-franchise Auto Garage Killing it for 19 years- ABSENTEE owner

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Business Description

With a reputation developed over 19 years, testimonials illustrate this auto service center is THE go-to auto repair shop in the area, offering service from preventive maintenance to major repairs. Sales have kept pace with the explosive growth this small community is enjoying- it is listed as one of the top places in Tennessee to raise a family! ABSENTEE OWNER, who started the business is involved full time in his other enterprises, and enjoys cash flow of more than $195k- on track to reach $225k by the end of 2017.

Seller owns the real estate which can be had for $260k- 2700ft shop/building, recently updated, on .28 acres. Owner prefers to sell the real estate but will lease- fair market value of rent will impact cash flow (by adding the rent expense of) $22,680 per year .

$101,000 of FF&E, plus $10,000 of inventory included.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
2,700
Employees:
four
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Fully equipped 2700 square foot shop on .28 acres has 5 lifts, Hunter Alignment Machine, Hunter Tire Balancer, 2 tire machines, exhaust pipe bending machine, milling machine, Tripack Hobart Welder, IR commercial compressor, computer with Mitchell One Parts Order System, several 3-ton jacks, 2 air-powered transmission-fuel tank jacks, various specialty tools, oil tanks, drill press, evap smoke machine, and much, MUCH more. Central heat and air, new paint and interiors.
Competition:
Normal competition from other non-franchise shops- not all advertise ASE
Growth & Expansion:
The business has managed growth well- new and well-maintained equipment has helped the shop keep up with demand. It is positioned to reach even greater capacity in the hot area growth environment under the auspices of a new owner. If this is an owner operator- even greater cash flow can be attained. If that person wishes to own and operate absentee, the seller says: "You don't have to know anything about cars... sales graphs tell me how things are going without being there."
Financing:
10%
Support & Training:
30 days
Reason for Selling:
Other business interests: contracting and real estate investment

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William Oates

Business Listed By:
William Oates

Alliant Capital Advisors LLC

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Sponsoring Broker:
Bill Marrero

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