Owner Financing is Available
Business Overview:
Open only 4 days per week, potential to expand! Recession resistant full service Auto Repair business! Sales have been up every year for past 5 years and Seller's Earnings have increased accordingly. Why? Consumers are keeping their cars longer and the business is focused on providing excellent customer service which results in great “word of mouth” referrals and in loyal customers. The business has seen a steady increase in the customer base. Business was started by current owner in December 1999 and therefore is well known in the community. The business has a fully automated Point of Sale system, customer database, and QB accounting software. On staff, there is also an assistant manager/service writer that can manage much of the day to day operation of the business, freeing the owner to spend time on business development. This will make it easier for a new owner to transition into the business and to learn the business. In April 2009 the mechanic staff is going through the ASE certification process which will increase the proficiency of the staff and help continue improvements in customer service and profitability. Business operates only 4 days per week (Monday-Thursday) and has tremendous growth potential. Sales volume: 2006 $403,245; 2007 $435,493; 2008 $507,516; 2009 $605,000. Possible SBA financing to qualified buyer.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business leases approximately 1,900 square feet, which consist of 3 ½ bays and 1 office and waiting room. Seller is paying $2,494 per month including base rent and property taxes. Current lease term is through March 14, 2013; it is expected that landlord will give buyer additional extensions.
Market Competition and Expansion:
Competition: Some competition but continued growth over the years shows loyal customers and a lot of word of mouth referred customers.
Growth and Expansion: (1) by expanding the days of operation from 4 days/week to 5 or 6 days per week; (2) increasing the advertising.
Support/Training: Seller will provide 4 weeks of training included in the sale immediately after closing. Additional time negotiable.
Reason Selling: In the automotive industry 25 plus years, Seller wants to pursue other interest.
Reason for Selling:
In auto industry 25 plus years, pursue other inter
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.