Local Loved Auto Repair & Tire Business- $1M Rev.

Not Disclosed, SC
Spartanburg County


Asking Price: Annual Revenue:
$270,966 $1,058,081

Automotive & Boats: Auto Retail - Auto Parts


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RE: Local Loved Auto Repair & Tire Business- $1M Rev. Broker: JT Tatem
Owner Financing is Available!
Owner Financing Terms $70,000.00 Owner Financing Interest 7% Owner Financing Terms Months 36 Owner Financing Monthly Payment $2,161.40

Quick Facts

Asking Price: $270,966
Annual Revenue: $1,058,081
Net Profit: Not Disclosed
Cash Flow: $144,608
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 9
BBN Listing #: 674451471
Broker Reference #: 52661-804004

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Business Overview:

Ready for the next generation to come and build on $1M in sales. And option to own the appreciating land and HIGH TRAFFIC location.
The business was started by a father and son in a small 2 bay building across town from the current location. The current owner eventually joined the son and the two worked together in the small 2 bay building until the current owner bought him out, then added a 2nd building, and eventually the attached business.

On a busy thoroughfare and in an area with heavy growth of population, the business has seen other local mom and pop service centers spring up. The work load and demand continues hgh and provides business for every shop. There has not been a revenue impact from any other locations.

Significant revenues increases can be achieved by simply expanding to weekend hours. Improve the adjacent building to add more service bays. Expand into Diesel Repair. Market to add Commercial Accounts. There is plenty of room to grow the current $1M revenues to even stronger sales and profits here.

3 Buildings- 1 - 2 Bay auto shop on main thoroughfare.
Adjacent 6 bay self serve car wash. Plus 1 6 bay garage behind main shop.

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Reason for Selling:

Retirement

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.

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