TURNKEY-Highly Profitable Auto Repair Shop

Howard County, MD

TURNKEY-Highly Profitable Auto Repair Shop
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Asking Price: $795,000

Cash Flow: $328,055

Gross Revenue: $1,503,000

EBITDA: N/A

FF&E: $129,854

Inventory: $13,821

Established: 1999

TURNKEY-Highly Profitable Auto Repair Shop

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Business Description

HIGH OWNERS SALARY- $280,000+ (plus healthcare/401K)

GREAT OPPORTUNITY to make a substantial salary as soon as you take the keys (over $280,000).The owners built their business from the ground up to a large, successful enterprise using community and family-based principles that place the customer first. With a solid business base which is fed by significant repeat and referral activity, this business is positioned for success well into the future. The profitable revenue is due to a well run business with manageable expenses and rent . Given the minimal advertising/marketing efforts to date, there is solid upside potential for further growth.

Detailed Information

Location:
Howard County, MD
Inventory:
Included in asking price
Employees:
8 FT/2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This repair shop has 5+ bays and 10+ lifts, fully stocked with operational tools. The shop is organized, clean and well-managed. Located in the heart of a safe, vibrant commercial and residential area and centrally located to major highway arteries. The facility is extraordinarily well positioned for easy access. The facility lease has two remaining 5-year extension options. Assignment requires Landlord approval.
Competition:
Moderate to high competitive environment in a thriving locale. This business has excelled by setting itself apart as the community's fair and honest automotive experts. With unwavering focus on the customer over the course of nearly two decades, these owners have developed a sustainable, dependable customer base with minimal advertising/marketing.
Growth & Expansion:
Expansion potential for additional sites. Many solid, growing communities in the business region and great growth to date with minimal advertising/marketing efforts.
Financing:
Lender pre-screened with $159k down.
Reason for Selling:
Retirement and relocation.
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Michele Pouliot

Business Listed By:
Michelle Pouliot

Murphy Business Brokerage in Maryland

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