Business Overview

This 3 decade old General Automotive repair shop including operational exhaust shop has a huge client base and great presence in the community.

With 5,000SF, 5 large bay doors, 6 lifts- 5 above ground and 1 in ground and all equipment is functional ready to service any customer needs. The business is currently run by the owner and they have 4 mechanics, it is up to the buyer whether or not they would like to build a new team or add more mechanics and technicians.

Owner would like to find a committed buyer who is willing to take care of the generations of clients.

The business has 4 stars on google review with honest and reputable reviews. 1 customer review states “We have used them for years. Our prior mechanic (one of the best) retired and referred all his customers to them. What does that tell you. He has an amazing ability to diagnose problems which saves me time and money.”

Owner is looking forward to retirement when the business sells. At this price, seller says a buyer would have a great opportunity to increase business which would be explained to a qualified buyer. Seller owns the building and will provide a new lease and options to renew. If you enjoy working with autos (not working on them), then this great opportunity is for you!

For additional information please contact listing agent Andy Erskine at 713-400-7663 or andy.erskine@theloyaltybusinessbrokers.com

Financial

  • Asking Price: $465,000
  • Cash Flow: $161,027
  • Gross Revenue: $314,875
  • EBITDA: N/A
  • FF&E: $80,000
  • Inventory: $30,000
  • Inventory Included: Yes
  • Established: 1990

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,000
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 5,000 square feet with a Total Rent of $4,000. Seller is active in the business with 1 FT employee and 3 Independent Contractors. Hours of operation are 8am to 6pm Monday-Friday 8am to 2pm Saturday. $30,000 in Inventory and $80,000 in FF&E included in Asking Price. $5,000 made in Leasehold Improvements. Assets include brake, lathe and vehicle lifts.

Is Support & Training Included:

Ten (10) Days

Purpose For Selling:

Owner is looking to retire

Additional Info

The company was established in 1990, making the business 32 years old.
The deal will include inventory valued at $30,000, which is included in the requested price.

The business has 4 employees and resides in a building with approx. square footage of 5,000 sq ft.
The building is leased by the company for $4,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell operating businesses. Nevertheless, the real factor vs the one they say to you might be 2 completely different things. As an example, they may state "I have too many various obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be reasons to attempt to hide the reality of changing demographics, increased competitors, current decrease in profits, or an array of other reasons. This is why it is really important that you not depend totally on a vendor's word, yet instead, use the vendor's response in conjunction with your total due diligence. This will paint an extra realistic image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies finance loans so as to cover things such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that profit margins are too small. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that need to be met or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract brand-new consumers? Most times, operating businesses have repeat consumers, which form the core of their day-to-day revenues. Particular aspects such as brand-new competition growing up around the location, road building and construction, and also personnel turn over can impact repeat consumers and negatively influence future incomes. One important point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business regularly, the higher the opportunity to construct a returning customer base. A last thought is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Just how might the local average house income influence future earnings potential?