Business Summary:
This exciting automotive offering is just about the most fun business a car-loving guy can own! Classic cars, hot rods, Corvettes, etc., etc.! Then throw in the occasional parade and car show, with new business prospects coming to you! A proven financial success, with high-end clients bringing more business than the facility can handle. Better yet, the existing staff of mechanics know what they're doing and are expected to stay on. The owner is retiring. Actually, he reports that he has pretty much already retired, and that he hasn't been doing much to grow the business this last year. There is little competition in this market area, due to the well-known superior expertise of the staff. Owners of these rare cars won't entrust them to just anyone. The asking price is below the broker's market price opinion. The owner is ready to sell now and he wants to get immediate action, so don't wait around! Please note: the business has been growing rapidly over three years. The stated cash flow is partly historic and partly projected: based on five months of 2008, annualized.
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| Year
Business was Established: 2005 |
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| Number of Employees:
4 F/T |
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| Facilities / Terms of Lease:
Spacious shop, showroom, and office area. There are 6 years left on a 10-year lease. Fully equipped with lifts and all tools and equipment required for high-performance automotive mechanical and exhaust work. |
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| Potential
Growth/Expansion:
Plenty of space, and plenty of customer demand; turning work away. Would need to hire more mechanics. Owner says that he just didn't want to hire more people. He's tired and doesn't want the hassles. |
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| Competition:
This is the primary source of knowledgeable performance automotive services in the market area. It is well located, and has little in the way of competition. |
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| Owner
willing to finance:
Will consider small owner-financing position |
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| Owner
willing to train:
Two weeks full time, then 30 days of phone availability |
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| Reason for selling:
Retirement |
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Seller Reference Number: bm1826575397
BusinessMart.com Listing Number: 41592 |
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