Owner Financing is Available!
Business Overview:
Business has continuously operated since 1999 as an old fashioned 4 bay auto repair center providing honest and reliable service. The founder originally owned a Texaco Service Station in Arlington at Randoll Mill and Fielder. He operated the business for 15 years until the landlord sold the property to make way for a McDonalds restaurant. Forced to move his business, the founder moved to this existing location to rebuild. The hands-on owner has built a loyal, repeat customer base. The customer base is entirely retail clients who prefer the personalized service offered at this shop. The owner has found several manufacturers, especially air conditioning related, who allow direct ordering at great savings to local car parts companies such as UAP or AutoZone. The shop uses Mitchell Software management and labor guides. Annual Sales have been steady at the $200,000 level for several years. The founder had chosen to maintain his business at this level. The current owner purchased the business in September 2009. He has retained the client base and added a few new customers. He is currently attending full-time aircraft mechanic school and wants to focus on his studies. PRICE $80,000: $30,000 down, $50,000 note 5 years at 6% approximately $967 per month or $50,000 ALL CASH. Financing is to be personally guaranteed. The business furniture, fixtures and equipment (FF&E) have a fair market value of $40,000. FF&E includes 9,000 lb lift, 7,000 lb lift, 2 HP air compressor, Dell computer, phones, office furniture, 2004 Mitchell Management Software, 2004 Mitchell Labor Software, Snap-on Scanner, Snap-on AC Recycling machine, Ammco Brake Lathe, misc small and shop tools. On-hand inventory is included at a nominal value of $5,000 at cost. NOTE: no price adjustment will be made; all on-hand inventory is included in the sale. The sellers personal tools and toolbox are EXCLUDED from the sale.
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 4 bay garage occupies approximately 4,000 square feet and includes a reception area, private office, small parts shelved storage area, customer restrooms, machine shop area, major parts storage area and 4 work bays. The lease rate is $1,750 per month including NNN and expires approximately August 2014. The Landlord operates the collision center next door. The business has parking for 12 outside and 9-11 inside.
Market Competition and Expansion:
The Owner does not have a marketing program. The business prime asset is repeat, referral retail clientele. An AT&T Yellow Pages Ad is the only current advertising, at a cost of $168 per month. A new, energetic owner can further increase sales & profits in many ways including: 1. personal, hands-on owner-operation of the business, 2. direct mail homeowners, 3. establish referral arrangements with local used car lots on Division Street, 4. Promote detailing services
Reason for Selling:
Seller is studying to be an aircraft mechanic
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.