Business Overview

Another Huge price reduction! Now the real estate is included! This fully equipped auto repair shop has highly skilled, qualified service technicians who provide excellent service. This greatly regarded shop is known for honesty, integrity, and reasonable yet competitive rates. Their goal is to build and keep lasting relationships with their customers. This is the main reason why clientele keeps coming back again and again for service. If you are searching for a shop that is completely ready for a new owner to take over – check this one out! Business = $350K + property @ $700K = Total $1,050M. Perfect for a mechanic who wants their own shop!

Financial

  • Asking Price: $1,050,000
  • Cash Flow: N/A
  • Gross Revenue: $708,869
  • EBITDA: N/A
  • FF&E: $45,000
  • Inventory: $15,000
  • Inventory Included: Yes
  • Established: 2016

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:1,288
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Very well organized auto repair shop. One mechanic will stay on when the owner leaves to start a new career. Current owner will provide all that is needed for a new owner to start profiting right away! Just included the real estate.

Is Support & Training Included:

Owner will stay on for a TBD time to help a new owner get acclimated.

Purpose For Selling:

New career opportunity

Pros and Cons:

This shop has been very busy since the pandemic since everyone needs to keep their cars on the road and working now

Opportunities and Growth:

No cons at all - only all pros!

Additional Info

The business was started in 2016, making the business 6 years old.
The sale does include inventory valued at $15,000, which is included in the listing price.

The company has 4 employees and resides in a building with disclosed square footage of 1,288 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell operating businesses. Nevertheless, the real factor vs the one they say to you might be 2 completely different things. For instance, they might claim "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be excuses to attempt to hide the reality of changing demographics, increased competition, recent reduction in profits, or an array of other reasons. This is why it is extremely crucial that you not rely totally on a seller's word, however rather, utilize the vendor's answer in conjunction with your overall due diligence. This will repaint a much more reasonable image of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies finance loans with the purpose of covering items like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that profit margins are too tight. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that should be met or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in new clients? Often times, companies have repeat customers, which develop the core of their day-to-day profits. Particular variables such as new competition sprouting up around the area, roadway building and construction, and employee turn over can affect repeat consumers as well as adversely influence future incomes. One important point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business often, the better the opportunity to develop a returning customer base. A last thought is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? How might the neighborhood mean household earnings influence future income prospects?