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Businesses For Sale > Business For Sale in Louisville, Jefferson County, Kentucky (KY)
Auto Service Center for sale in Louisville, Jefferson County, KY
Louisville, Jefferson County, Kentucky (KY)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 525,000 |
$ 1,014,596 |
$ 219,163 |
Furniture and Fixtures Value:
$ 30,000 (included in the asking price)
Inventory Value:
$ 7,000 (included in the asking price)
Real Estate:
(not included in the asking price)
Business Summary:
This is an opportunity to own an automotive repair center that has been a fixture in its neighborhood for decades. The business offers general repair and preventive maintenance services by its well-trained and long-tenured employees.
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| Year
Business was Established: 1952 |
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| Number of Employees:
5 FT |
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| Facilities / Terms of Lease:
The sellers own the property and is available to purchase. Alternatively, the buyer can lease the building for $86,000/Yr which is reflected in the financials. Purchasing the property will allow the buyer to amortize the total purchase over 25 years, increasing the cash flow available to the owner after debt service. |
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| Potential
Growth/Expansion:
Opportunities for growth stem from rising vehicle mileage, keeping demand steady for repairs and maintenance. The emergence of subscription-based maintenance services offers shops a way to secure predictable, recurring income while helping customers maintain their vehicles on a regular basis. Technological advances, especially with electric cars and advanced driver assistance systems, create opportunities for mechanics who invest in specialized training and equipment. |
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| Competition:
This area does not have a large number of retail chain competitors, unlike those found in suburban areas. There are a few independently operated competitors within a one-to two-mile radius, but this is primarily a neighborhood shop.
Looking ahead, the industry is expected to see slow but steady growth. Vehicle mileage in the US is projected to keep rising, which means a continued demand for repairs and maintenance. |
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| Reason for selling:
Retirement. |
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Seller Reference Number: 1902-19081
BusinessMart.com Listing Number: 318352 |
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To request more information
on this business
please fill out the form shown right 
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Buying a Business Resources
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For
more info contact:
Evelyn Correa
Murphy Business & Financial Services
727-725-7090
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