Established Auto Repair With Value-Add Investment

Business Overview:

This 65-year-old family-owned and operated business is run by the original family who started it. The business is thriving and has great potential for expansion with renewed energy and a desire to grow. They have a very large and loyal customer base that grows as future generations continue to use the services their families have used for decades. The business primarily services cars, trucks, and Class C vehicles. They have over 100 years of automotive service experience among their small team of technicians/mechanics. The garage offers the latest in tools and state of the art diagnostic equipment which benefits both the mechanics and customers. They offer emergency service and have experienced certified mechanics. The business is a licensed Pennsylvania inspection station and offers customers a 24 hour drop off and pick-up service. Their normal hours of operation are Monday through Friday from 8am to 5pm. They are associated with NAPA, ATI (Automotive Training Institute), and ASA (Automotive Service Association). Lastly, the business has a weld shop beside the garage, and they will entertain repair and small fabrication jobs on almost anything made of steel, aluminium, stainless steel, and some cast iron items. They have worked on such things as fuel tanks, mower decks, lawn furniture, household items, farm equipment, oil coolers, radiators, etc.

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Property Features and Assets:

The garage consisted originally of two bays and in 2021 a third bay and a new lift was installed. This additional lift is very instrumental in improving flexibility and workflow within the garage. Bottom line, it is creating the opportunity to grow revenue and profits moving forward. The garage is located on one of the busiest roads in its suburban location, so the visibility of the business is fantastic. The garage is approximately 2,500 square feet and there is an additional 500 square foot building used by the business as a welding shop. In 2021, the front and rear parking areas were recoated and lined. The roof was repaired, and the office was recently updated with new flooring and paint. Also, a new main furnace was installed in January 2022. The invoicing software has been updated, which will enable online product sales and maintenance for customers. It will also provide an easier way to keep in touch with customers. Lastly, there is a very well-maintained 2-1/2 story brick home along the street but on the same deed as the garage. This brick home is zoned commercial, which could potentially be used for another business venture. It is rented by extraordinary tenants for $1,200 per month. The garage and the weld shop could be rented for $2,500 per month or the seller is willing to sell all the real estate (garage, weld shop, apartment building) with the business. The purchase price for the real estate is $425,000 available through SVN Latus Realty. Assets = $59,546.

Market Competition and Expansion:

There is always a high demand for a dependable garage to service vehicles. Therefore, garages which do not perform A/C service or heater/radiator work refer their customers to this business. They have good relationships with other garages in the area. They continue to expand via Google/Yelp/Blogging. The recently installed lift in a new work bay will enable business to grow by increasing the number of vehicles they can service. This business has been successful and very stable. They do a thorough maintenance check on some vehicles, and as a result, often earn more business such as alignments and tire replacements. If maintenance were done on every vehicle this could lead to huge potential for growth. The business office remodel was just completed in 2022, and a new main shop heating furnace was installed. The parking lot was recoated and relined in 2021. The office computer was replaced, and a laptop was added in the shop to better access information and for parts ordering. In March 2022, they are upgrading to a parts ordering and advertising system called Mitchell One.

Reason for Selling:

Retirement.

Additional Details:

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