Owner Financing is Available!
Business Overview:
NEW PRICE - Big upside available for the right person in this successful auto service business in high traffic location. Turn-key sale includes equipment, inventory & established customer base. The shop has produced consistent cash flow for 25 years by word of mouth alone. Database with over 2000 previous clients included in sale.
Property can be purchased for an additional $224,000 or leased for $2,600/month. Contact Jeff Johnson with Equity Realty for more details.
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 shop, built in 1970, is a 3 bay operation measuring approximately 1700 SF. The building is situated on an approximately 1/3 of an acre lot that is enclosed by a 6’ tall chain link fence. The three bays measure approximately 10’x20’ and each is equipped with a hydraulic lift big enough to handle most passenger cars, SUVs and light trucks. The building is cinder block construction with decorative brick siding on the front façade with a mansard style roof featuring shake shingles and asphalt style that was replaced in 1999. The building is heated by two gas fired furnace units that were replaced in 2003. A window unit provides air conditioning to the office and waiting area. All of the gas lines servicing the building were replaced in 2011. Pride of ownership shows in this clean well cared for building.
Market Competition and Expansion:
The great location and strong demographics of the area have provided a consistent revenue stream and profits for this business over the past 25 years. Open just 5 days a week and by word of mouth advertising alone the business has grossed an average of $235,000 per year over the last five years which produced an average cash flow of $56,000 over the same period. Potential upside for greater sales exist via implementation of a basic marketing program, offering MO vehicle inspections, expanding operating hours and expanding the existing commercial/fleet service program. Estimated 2009 population within a three mile was 62,181 residents living in 26,579 households.
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.
Resources: