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West Coast Very Profitable Automobile Services Business

WA

West Coast Very Profitable Automobile Services Business
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Asking Price: $8,000,000

Cash Flow: $1,600,000

Gross Revenue: $9,600,000

EBITDA: $1,600,000

FF&E: N/A

Inventory: N/A

Rent: $29,000 /Month

Established: 2004

West Coast Very Profitable Automobile Services Business

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Business Description

well managed process driven company

The owners are retiring to attend to other interests and are selling the company after more than three decades in the industry, with over 15 years in this business.
They have built a company recognized by industry groups, referral sources, and customers as being “Best in Class” in Quality, Customer service, and Employee certification levels.
Potential buyers may come from strategic industry consolidators (organizations with same or complimentary holdings), specialized investment firms, private equity firms, partnerships, or individuals.
This auto services business is process oriented with a strong culture and is not one where a buyer needs automotive industry experience.
A Confidential Information Memorandum (CIM) is available to interested and qualified parties upon execution of a Confidential Non-Disclosure Agreement (NDA). We take the NDA seriously and expect interested parties to be financially capable of pursuing a deal.
Company attributes
• Long-term financial growth of sales and profitability. Solid annual growth.
• Margins well above industry averages.
• Recession proof more than other industries.
• Geographic market dominance.
• Customers come from north Puget Sound to north Oregon; there’s no concentration.
• Attention to quality, cleanliness, and the overall customer experience.
• Suppliers: Stable with great relationships.
• Company culture has employees seeking out the firm for employment.
• High employee retention rate.
• Solid second level of management behind the owners.
• New services recently added and additional space (2018) has increased capacity.
The company has placed an emphasis on culture from day one. The owners state they’ve been about:
• Growth – professional
• Learning – being the most knowledgeable and up to date in their industry
• Doing the best possible
• Having an organized systematic approach to operations
• Thinking outside the box (compared to others in the industry)
Key statistics:
1. Annual growth (2015 to 2018): 5.9% versus industry rate of 2.4%, 2012-17 (Ibisworld.com)
2. Most recent year Net profit @ 16.4% compared to the industries 6.3% (Business Reference Guide); 4 year average Net Profit @ 14.5%.
3. Most recent year Gross Margin @ 36.1%; 4 year average GM @ 34.4%
4. Technician employee turnover: ~2% versus the industry at 14.5 %
5. Revenue per employee: $331,000
6. Revenue per technician: $480,000

Detailed Information

Real Estate:
Leased
Building SF:
16,500
Lease Expiration:
N/A
Employees:
30
Facilities:
The company operates out of three facilities- the owners own the main property in a separate LLC and wish to hold it and execute a 10 year lease term with the acquirer. More information on the other sites are available with the CIM for interested parties who have a NDA in place and have demonstrated the financial ability to pursue this deal.
Competition:
There is a robust current market (customer base to pull from) and a projected growing market for the services offered by this business. Competition in its geographic area is limited and not up to par with the work done by this company. More information is available with the CIM for interested parties who have a NDA in place and have demonstrated the financial ability to pursue this deal.
Growth & Expansion:
With additional capital investment, the company has nice growth potential over the next 5-7 years. More detail on this is available with the CIM for interested parties who have a NDA in place and have demonstrated the financial ability to pursue this deal.
Support & Training:
All employees are continually trained up to the latest standards and certifications in their respective disciplines. The owners are willing to stay on to support a transition of 3 to 6 months. More information is available with the CIM for interested parties who have a NDA in place and have demonstrated the financial ability to pursue this deal.
Reason for Selling:
The owners are retiring to attend to other interests.
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Business Listed By:
Pete McDowell

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