Business for Sale Overview:
Well established Auto Repair business! Business was started in 1991 and current owner acquired the business in July 1997. This business is prospering in the recession and has prospered in good times as well. Sales are up 10% for the first 6 months of 2009 vs. 2008. 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. There are 3,000 customers in the company’s database of which 1,000 are active customers. State inspection facility and the business does a lot of state inspections, in fact 30% of business is associated with inspections. 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. Auto repair experience is not required to purchase this business if a buyer has management experience. This is a cash business with no receivables making it easy to manage cash flows. Business operates only 5 days per week (Monday-Friday). The business is providing the owner with executive-level income and still has tremendous growth potential! Sales Volume: $643,740 in 2008 and on track to reach at least $700,000 in 2009. Seller’s Discretionary Earnings – $153,963 in 2008 and 2009 estimated to be about $175,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Facilities: Business lease a garage located on busy street with traffic count of over 15,000 cars per day. 5 bay garage, office/waiting area, plenty of off-street parking. Includes all equipment with total value of about $110,000. Business owner also owns the property and pays rent to himself. Seller's Earnings are After making the rental payments so there is No Additional rental expense for a new owner.
Market Competition and Expansion:
Growth and Expansion: By expanding the days of operation from 5 days per week to 6 days per week; Increasing the.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.