Business Summary:
The South location has 6 lifts and the North location (former gas station) has 3 inside lifts and 2 outside lifts under canopies. This business repairs and rebuilds auto, truck and mobile home vehicle transmissions as well as differential, transfer case and clutches. They offer warranties for 90 days to 3 years/50,000 for a full rebuild using OEM parts. All employees are paid salaries except the South store manager that is paid 10% of sales. Great customer service, update customers daily and have a Better Business Bureau (BBB) A+ rating. Member of ATRA and TRNW. The 1700 square feet lease at the South location is month to month and $1500 per month triple net (increase rent). The real estate for both locations had an operating cash flow of $118,209 for 12/31/16. Total earnings are $283,092 (business $164,883 and real estate $118,209).
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| Year
Business was Established: 1979 |
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| Number of Employees:
6 FT + 1 FT owner |
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| Facilities / Terms of Lease:
Real estate included in the price. Tired of paying landlords? Build equity in the real estate and business. South location has a 7503 square foot building. North location has 1700 square foot building. |
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| Potential
Growth/Expansion:
Opportunities for growth: add wholesale accounts,do general automobile repair, open Saturdays morning and expand geographically along Colorado's Front Range. |
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| Owner
willing to finance:
There is an SBA loan available for a qualified buyer. With loan costs and $10,000 working capital the total price is $2.005 million. The down payment is $300,750 with SBA financing of $1,704,250 over 264 months @ 5.99% interest. Monthly payment $11,631. |
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| Owner
willing to train:
Yes, included in the total price as needed. |
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| Reason for selling:
Burnt out, semi-retire. |
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Seller Reference Number: 6294
BusinessMart.com Listing Number: 215768 |
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