Established Auto Repair Shop
About this business for saleEstablished Auto Repair Shop
Rare opportunity to purchase a profitable automotive repair shop along with the real estate. Known for their outstanding service and workmanship, this approximately 2,550 SF shop on an approximately 7,000 SF lot has a great reputation and excellent yelp reviews. ! The shop lay out caters 100% to a repair shop as the owner, who is a mechanic, has meticulously laid out the shop to maximize efficiencies. The ceiling of the building is over 20ft. The shop is equipped to handle one ton trucks or 24,000 lbs. Owner works full-time and employees several mechanics. All Furniture, Fixtures and Equipment are included in the Sale. There are 7 bays, 5 lifts, 1 alignment rack, 1 wheel balancer, 2 x 100 air compressor tanks, 300 gallon oil tank, 20 ton hydraulic air pump, a coolant flushing machine, tire machine, lube pump, 2 oil draining barrels, and much more. Gross Revenues for 2017 were $382,353.27 with Seller’s Discretionary Earnings of $106,247.53. Current owner has owned the shop for over 25 years and looking to retire. Great opportunity for an owner operator or as an add-on to a portfolio of automotive repair shops. Real Estate is also available to be purchased.
*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.