Business Summary:
A well-established auto repair shop, this business is located in an Auto Repair Park with several other synergistic auto-related businesses in an upscale area. There is extensive customer loyalty, 80% repeat, with potential for an additional contractual relationship with a nearby well-known, high-volume used car dealer. The owner does very little marketing yet with the state of the economy the business has seen an influx of new customers who are choosing to keep and maintain their older automobiles. The location includes 3 double bays and 5 lifts (2 underground) and offers complete auto repair services, including body work. Price recenly reduced - Seller mofivated!
The Owner is willing to train and introduce the new owner to the shop's clientele. He is also willing to stay on as a contract employee to help market the business, bringing years of personal specialty expertise in radiator / AC repair and maintenance. The business utilizes Mitchell Accounting software, a $10,000 value, for accounting and customer information.
The business has been at the same location for more than 20 years and is well-branded with an excellent reputation in the area. Revenues have averaged over $300,000 for the past 3 years. The average service order exceeds $500, more than double the industry average for equivalent size shops.
The Owner also owns the underlying real estate which he may also consider selling. However, he no longer wishes to operate the business.
Employees: Owner/Operator and 1 F/T employee. Monthly Payroll of approximately $4,000.
Facility: Lease cost of $5,900/month, with negotiable terms.
Price Includes: Furniture, fixtures, equipment and improvements at a cost of $50,000. Inventory of approximately $5,000 included. (Personal tools at $70,000 and antiques at $25,000 not included but negotiable.)
Support/Training: Seller will provide training.
Asking Price: $ 169,000
Gross Revenues: 365,000
Seller's Net Cash Flow: 60,500
For more information on this business opportunity, please contact: Jim Orth 866-644-9516 or j.orth@sunbeltnetwork.com.
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