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Business For Sale
SBA APPROVED AUTOMOTIVE RELATED BUSINESS HAS 90%+
Attn:
Douglas T. Walker, CBI, SBA, CMEA
Chicago Suburbs, IL, USA
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Listing Number: "Cook0907"
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Listing
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Asking Price: |
$278,000
USD USA Dollars
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Business for Sale Industry: |
Auto & Mech: Services & Gas Stations
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Reason for Selling:
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Investments of cash from this business have taken the seller in a totally new direction. |
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Year Established:
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1989 |
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# of Employees:
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1 |
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Yearly Revenues:
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$101,000 |
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Yearly Cash Flow:
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$94,000 |
Business for Sale Overview:
Like me, do you love the smell, solid feel and quiet ride of a new car? You’re not alone; most people can’t get enough of both! The automotive companies know this all too well and strive to provide complete satisfaction…their production lines represent the very latest technology and quality standards, but they aren’t perfect and never will be perfect…a small percentage of vehicles will always need the help of a trained technician to insure complete customer in-cabin satisfaction. This gap between what emerges from the production line and what customers expect has created the opportunity for a unique and incredibly profitable business. Imagine, you get the opportunity to get your hands on some of the industry’s newest models and you’ll be well paid for the experience! This is an opportunity to make a “turn-key” purchase of a long established business that generates an unprecedented 90%+ cash flow...and better yet, based upon the consistent financial performance of this business, it has been pre-approved by a "preferred" SBA lender!
Property Features and Assets:
This can be a home based business requiring no dedicated office space, or you may opt for an “Executive Office” space in a commercial office building with filing cabinet, a desk, an answering machine and a phone. The choice is yours, but either way most of your time will be spent at automotive dealerships.
Market Competition and Expansion:
This business, well-known amongst dealers, was the first of its kind in Chicagoland and has been providing local dealerships with services for over 19 years. Other than the dealers, most people don’t know this type of business exists…although the dealers are your customers, ultimately it is the OEMs that pay for your services and both are very happy to employ you!
This business has provided steady income, with cash flow well over 90%, from long-time clients for nearly 20yrs! The owner prefers to do his work "hands-on". He has not been active in seeking additional work despite the fact that the demand for services has always outstripped his capacity. Each added technician could generate between $125K & $150K in revenue and the demand is there!
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This may become a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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