Est. Auto Garage-Wholesale/Retail Multi-Fuel Dist.

Business Overview:

This family-owned business has been operating for over 100 years. It has been successful from the beginning as one of the first auto dealerships, and thereafter as a full-service garage, offering retail fuel and repair services. In 1954, LPG distribution was added to the business to enhance its position in the community. Garage services include tune-ups, tire sales, general repair, electronic and computer diagnostics, A/C system repairs, and towing services. LPG and fuel distribution to more than 500 customers, both residential and commercial, in the rural community accounts for a major portion of the total revenue and profits. These customers are on month-to-month and annual contracts.

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Property Features and Assets:

The business operates from a centrally located service garage with numerous items of equipment used in the repair business. A second location, on the edge of town, provides tank storage for bulk fuels and equipment for filling local delivery trucks.

The service garage occupies a 1/2 acre city lot, with a 9,800 sq ft building that includes a customer waiting room and offices, work area with 2 overhead lifts, and 1,200 sq ft enclosed storage. There's a covered, on-site fuel island with pumps and a paved parking lot. The value of the real estate is not included in the Listed Price but is available for purchase.

Assets = $850,446

Market Competition and Expansion:

Competition is moderate for a commodity business with several competing fuel distributors, but the service business cannot be duplicated locally. A loyal customer base built over the decades draws repeat business for servicing vehicles and tire sales. Additionally, the company carries open accounts for customers which contributes to a stable revenue stream.

The business has several growth opportunities it can exploit. First, there is a growing population, partly driven by remote workers looking to live in small towns; second, there is a nearby copper mine that will open soon, which will increase employment and the need for ancillary services. Advertising expenses could be reduced without sacrificing growth as word-of-mouth has proven the most effective marketing. 

Reason for Selling:

The owners would like to retire and transfer the business to a new owner. Kindly ask the seller for more information.

Additional Details:

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