Profitable Auto Repair Shop in Booming Location!

Firestone, CO (Weld County)

Seller Financing Available
Profitable Auto Repair Shop in Booming Location!
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Asking Price: $225,000

Cash Flow: $121,000

Gross Revenue: $559,000

EBITDA: $121,000

FF&E: $25,000

Inventory: $3,000

Rent: $3,300 /Month

Established: 2009

Profitable Auto Repair Shop in Booming Location!

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Business Description

Profitable Auto Repair Shop in Booming Location!

This profitable auto repair business focuses on general auto repair and maintenance, was established in 2013, and is located in the high growth area of Firestone Colorado. The business has been pre-approved for an SBA Loan for a qualified mechanic that has $56,000 down payment. Please note the real estate is available for sale also and Seller will consider seller financing for the business buyer if they have the required credit. Real Estate is priced at $440,000. For more information please complete the Confidentiality Agreement at the following link: https://intermountainbusinessbrokers.com/for-buyers/non-disclosure-confidentiality-agreement

Also, Seller kindly requests you refer all questions and inquiries directly to Broker Chris Gerard and do not show up unannounced at the place of business.

The shop provides general automotive repair and maintenance, which provides includes all manufacturer-recommended services: Air Conditioning, Belts, Filters Hoses, Radiators, Tune Ups, Alignment, Brakes, Fluids, Minor Electrical, Struts and Shocks, Wheel Bearings, Alternator, Diagnostics, Heater Cores, Oil Changes, and Tires and Repair.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4,000 sq. foot building is available for sale for this shop that is open Monday through Friday from 8am to 5pm. The shop has 4 bays that are comprised of 2 lifts, 1 alignment rack, and 1 more bay. There is about $25,000 used replacement value of total equipment included in the sale of the business, and there is approximately $3,000 of inventory on hand. Option to add another bay.
Competition:
Located in a high-growth area and there is not very much commercial automotive in the area. There is a franchise auto shop down the street, but that is actually good for business. For purposes of zoning, the property is grandfathered in as an auto repair shop. As the surrounding property is being developed, there has not a been a lot of thoughtful planning consideration given for other auto repair facilities to start up given the need propelled by the population increase, which makes this an excellent strategic play for a mechanic to own the real estate and grow the business.
Growth & Expansion:
A prospective buyer will be excited that the shop in general is operating at only 60 to 70% capacity. This is due to owner running this business as a retirement business and simply not wanting to work any harder than he chooses. The real estate was refinanced with an SBA Loan a few years back and the appraisal on the property at that time was $420,000. The building is 4,000 total square feet and t there is a tenant that rents out 1,000 square feet for $820.00 per month. The rent will go up to $1,000.00 per month in 2020. A new owner could also consider not renting to the tenant and instead build out the space to add another 2 bays. Also - High growth area! There are two new subdivisions, 100 homes each, going in just down the street from the shop.
Financing:
Pre-Qualified for an SBA Loan with $56,000 Down Payment for a qualified buyer.
Support & Training:
2 weeks of training are included in the sale price of the business as the Seller believes an experienced mechanic would not need more. However, if for some reason the buyer needs additional training the Seller wants the buyer to know he is flexible to work with a buyer on a defined consulting basis or graduated phase-out , if that is what is needed for the buyer to feel comfortable during transition.
Reason for Selling:
Retirement
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Chris Gerard

Business Listed By:
Chris Gerard

InterMountain Business Brokers LLC

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Memberships & Certifications:
Indicates membership in The Colorado Association of Business Intermediaries (CABI).

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