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Auto Exhaust, Brake and Radiator Business for sale in King County, WA

King County, Washington (WA)

Asking Price: Gross: Cash Flow:
$ 159,000 $ 358,980 $ 70,915

Furniture and Fixtures Value:
$ 45,000 (included in the asking price)

Inventory Value:
$ 20,000 (included in the asking price)

Business Summary:
Automotive repair is one of the most desirable and necessary businesses in the American economy. Here’s your opportunity to own an established, turnkey automotive service and repair business that boasts an excellent reputation and 15 years’ of solid profits. Customers rely on this business for preventative maintenance and scheduled services. Specialties include diagnosing and installing aftermarket and performance exhaust and emissions components and providing light under-car repair and service. The shop is located close to several affluent neighborhoods in a very clean, large commercial space. All associated furniture, fixtures, equipment and inventory are included.

 

   
Year Business was Established: 2004
   
Number of Employees: 2 FT  
   
Facilities / Terms of Lease: The 2,750 sq ft shop is automotive specific, built and outfitted with lifts, office furniture, fixtures and equipment specific to welding and fabricating exhaust systems and general vehicle maintenance. The space includes office space, a waiting room for customers, 2 bathrooms, as well as a break room for the employees. Located near several affluent neighborhoods, with ample parking and great street visibility. The monthly rent is $4,500 and the lease expires October 2020 with option to renew.  
   
Potential Growth/Expansion: The consistently increasing population of the area drives new business. Hundreds of new residential units will roll out over the next 5-10 years, which will attract potential new customers. Marketing programs and promotions targeting the existing customer base will boost business, and sponsorship at local car shows will increase exposure. Networking and relationship building with local dealerships would drive increased business to the aftermarket performance exhaust system segment of the business.  
   
Competition: The business' closest competitor is 8 miles away. The United States has one of the largest automotive markets in the world and due to technological advancements in vehicles, the length of vehicle ownership for new and used vehicles has increased 60% in the last ten years. Today's consumers are keeping their vehicles longer and are more aware of the importance of preventive maintenance and scheduled service to maximize the lifetime value of their vehicles. The increasing age of the vehicle population has been a positive aftermarket trend for a long time, and the trend has accelerated greatly over the past six years. Today, it stands at a record-high 11.3 years for passenger cars and light trucks combined, representing a 14% increase since 2007. 75% of aftermarket auto repair is performed by independent auto repair shops. Also, the increase in the sales of passenger cars leads to an increase in demand for automotive exhaust system units.  
   
Owner willing to train: Will train for 2 weeks @ no cost  
   
Reason for selling: Owner is retiring.  
   
Seller Reference Number: 8002-14994
BusinessMart.com Listing Number: 242719
 

 

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For more info contact:

Craig Sanford

Murphy Business & Financial Services
727-725-7090

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