Business Summary:
Here is a rare chance to buy one of Milwaukee's premier auto repair locations. Established in the '80s, the owner is ready to retire. Recent financials show year over year growth of 9% Net income increase of 13% period ending 8/31/2011. The volume of work currently coming out of this 10 lift-20 service bay shop is staggering and has been for many, many years. Real estate is also available as part of the package and includes over 11,000 ft of commercial property. Built on referrals, repeat business and some very lucrative business and government contracts. Some of the services performed include:
Tune-ups
Engine & transmission repair & overhaul
Emissions testing & repair
Body work & painting
Frame straightening
New tire sales and tire repair
Car windshield and window repair
AC & Heat repairs
Brake replace/repair
Computer diagnostics and repair on all major systems
Service Engine Soon diagnostics and repair
...and the list goes on. During the winter, the shop keeps busy with both business and residential snowplowing work. The owner is chief salesman and operations manager, and will get his hands dirty when necessary. A new owner should have exceptional customer service skills and a knowledge of the automotive industry. A buyer should also purchase all of the real estate which is priced at $475,000 plus the business asking price. Optionally, the owner is willing to arrange for a long term lease.
A local major bank review and term sheet has been completed. A qualified buyer should be prepared to demonstrate liquid investment capital of approximately $150,000 for the business purchase and another $50,000 for the acquisition of the real estate. For more information contact Ed Krajcir, Sunbelt Business Brokers; 262.901.0086
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