Profitable Auto Repair Center – Be Your Own Boss
About this business for saleProfitable Auto Repair Center – Be Your Own Boss
Are you looking for an amazing opportunity to purchase an AAA certified independent auto repair center with annual sales that have averaged nearly $895,000 for the past three years? This profitable business achieved $229,000 in cash flow in 2016, affording an owner/operator an excellent salary after debt service. The Business is well established with over 15 years of goodwill, an excellent reputation for honesty, outstanding customer service and positive Internet reviews. The Business comes complete with the state-of-the-art equipment required to run a domestic and import auto repair business, including brakes, oil change, engine performance, electrical, steering and suspension, starting and charging, heating and cooling and classic restorations.
The 4,560 square foot building has 9 service bays & lifts (2 outside), with room for parts storage, a customer reception area and plenty of parking. Experienced Service Writer, Shop Foreman and ASE certified technicians will support an entrepreneurial new owner who wishes to further grow the business. The Seller will provide extensive training and support during the transition period. The Asking Price for this profitable Business is $400,000 plus $3,500 in inventory. The Business is pre-qualified for 85% Bank/SBA financing for 10 years. The Sellers are in their sixties and motivated to retire after building a successful business over the past 15 years. The real estate is also owned by the Sellers and they will provide a Buyer with an attractive long term lease and an option to purchase the property for $700,000.
With a great reputation for quality, convenience and trusted service, this Business offers a Buyer a unique opportunity to control your own destiny and realize your dreams of owning a respected business in the community.
Facilities: Well organized 4,560 square foot building with 9 service bays & lifts (2 outside), parts storage areas, customer reception area and 18 parking spaces. Fully equipped for a wide range of domestic and import automotive repairs and preventive maintenance.
Support/Training: Seller will provide a minimum of 4 weeks of training at 20 hours/week and additional telephone support to ensure a smooth transition. With Seller training and an experienced crew, no prior automotive background is required.
Reason for Seller: Long term Owners wish to retire
Competition: Honest, personalized service has enabled the business to gain new customers while retaining its long term loyal clientele.
Growth/Expansion: Local owner/operator could grow the business with expanded hours, advertising and soliciting fleet accounts.
Seller Financing Available: Y (Bank financing only)
Financing: Pre-qualified for 85% bank/SBA financing for 10 years
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.