Seller's Contact Information
- RE: Established & Reputable Auto Service/Repair Shop
- Contact: Dustin Zeher
Quick Facts
| Asking Price: | $275,000 | |
| Annual Revenue: | $883,065 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $184,722 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $20,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1998 | |
| Employees: | 5 | |
| BBN Listing #: | 936524 | |
| Broker Reference #: | HZ523DZ |
Business Overview:
Excellent opportunity to own a locally owned and operated business that has been serving the western Montgomery County market for the past 25 years. The shop is a full-service auto repair facility and also does collision repair, painting, and restoration work. The business employs a team of technicians and is well-known for reliability, competency, fair prices, and friendly service.
Over the years, the owners have prided themselves on being a true one stop shop for their customers by having a full-service garage that can perform virtually any service or diagnostic test. This commitment to service has allowed the business to cultivate a strong and loyal customer base. The clientele appreciates that the owners and employees are courteous and take the time to explain repairs in a clear and professional manner.
The business does work with insurance companies to complete repair work for customers, but is not a DRP (direct repair facility) or under contract with any entity to perform insurance claim repairs. The business has excellent historical financial performance along with reliable and consistent cash flow. The automotive repair and maintenance market has seen healthy growth over the past decade and this trend is forecasted to continue.
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Property Features and Assets:
The repair shop is located in a small enclave in Western Montgomery County, Maryland. There are a number of other businesses in the immediate vicinity, but the surrounding area is largely residential. The 5,000 square feet facility is leased for approximately $4,222/month. The facility is 5,000 square feet with 4 lifts, alignment rack, drive-on frame machine, spray booth and all major equipment needed to operate the business.
Market Competition and Expansion:
Market Competition: The closest direct competitor is roughly 7 miles away. This shop is established in the area with a good reputation for providing quality service and competitive pricing that allows the business to stand out from its competitors.
Growth & Expansion: There is room for a new owner to grow and expand the business. The business does not have any real marketing in place as most business comes from referrals and word of mouth. A modest increase in advertising would help create awareness of the business and its services past the existing customer base.
Reason for Selling:
Owners are retiring.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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