Texas Hill Country Profitable Auto Repair Shop With or Without RE

Burnet County, TX

Seller Financing Available
Texas Hill Country Profitable Auto Repair Shop With or Without RE
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Asking Price: Get Financing: $1,250,000

Cash Flow: $285,000

Gross Revenue: $905,000

EBITDA: N/A

FF&E: $89,130

Inventory: $285,000

Real Estate: $600,000

Established: 2009

Texas Hill Country Profitable Auto Repair Shop With or Without RE

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Business Description

This well-established Company provides auto service and repair on all makes and models of vehicles both foreign and domestic. The Company has established an excellent reputation using ASE (National Association of Automotive Service Excellence) certified technicians and has great repeat customer business of about 80%. Service writers have consistent training. The shop contains six bays with five hydraulic lifts. The Company is hitting industry standards for GP% in labor & parts. The business contains a personal office space for a GM/Owner and a well-designed and friendly customer area and service counter. All equipment is updated and the Company has done their due diligence in organizing all systems to run smoothly and properly. Computers are up to date and backed up nightly. The Company has put systems and procedures in place to minimize issues so that the team can do their job to the best of their ability with little supervision from the owner.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,850
Employees:
5FT, 2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company custom built the facility in a strategic location to its customers. The building has approximately 3,600 sf of air conditioned repair space & approx.1,250 sf of office space on .58 acre. There is a large, convenient customer parking area. The Real Estate is offered for $600,000 and the business is $650,000. The Cash Flow (Discretionary Earnings) shown assumes a buyer will purchase both RE and business. The Seller will consider selling the business only and executing a long-term lease with the buyer. A rent factor of $42,000 per year should be subtracted from the Discretionary Earnings should a buyer not purchase the real estate.
Competition:
The Company has limited area competition serving the nearby high-end communities and the closest competitor is approximately 5 miles away. Great customer service throughout the Company and the ability to offer complete auto repair/maintenance solutions has contributed to the Company’s growth. The Company competes by building deep customer relationships and providing excellent quality, minimum service issues, and providing foreign and domestic car owners with a great experience.
Growth & Expansion:
The Company is well-positioned for growth as evidenced by comparing 2017 year-to-date with the same time period last year. The Company could add services and product lines as well as offer extended hours to increase revenue. The auto repair service industry itself has favorable growth trends and the location for the business is poised for major new home development that will add numbers to an already robust market.
Financing:
Cash preferred. Seller will consider min. financing for a qualified SBA buyer.
Support & Training:
Owner is willing to provide 30 day management transition and then provide consulting support for a negotiable hourly fee.
Reason for Selling:
Owner has family needing attention in another state.
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(from currently available funds)
 
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Lawrence (Larry) Schumann, M&AMI, CBI

Business Listed By:
Lawrence (Larry) Schumann, M&AMI, CBI

Corporate Investment

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.


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