Auto Repair with Real Estate- Lender Pre-Approved

Not Disclosed, MN

Asking Price: Annual Revenue:
$770,000 $357,068

Automotive & Boats: Auto & Truck Repair & Service

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RE: Auto Repair with Real Estate- Lender Pre-Approved Broker: Dennis Knapp

Quick Facts

Asking Price: $770,000
Annual Revenue: $357,068
Net Profit: Not Disclosed
Cash Flow: $128,218
Total Debt: Not Disclosed
FF&E: $47,490
Real Estate: Not Disclosed
Year Established: 1991
Employees: 3
BBN Listing #: 57734955
Broker Reference #: 5104-15102

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Business Overview:

Complete auto repair center servicing both foreign and domestic vehicles. Established business has served community for over 25 years. Known for great service and quality, shop has posted consistent 5 star Google reviews.

Also available is current U-Haul contract, which adds additional revenue with rentals and customer retention.

Lender pre-qualified.

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Property Features and Assets:

Business is located 20-25 minutes NE of the Twin Cities and operates out of a 9168 sq ft building with 10 available bays with 8 vehicle lifts. Drive through shop with two automatic garage doors allows for easy access in and out of building while conserving energy. In floor heat evenly warms shop for comfortable work environment. Floor plan includes 3 offices, 2 baths, customer waiting area, employee break room and parts/storage room all very clean and well maintained. Plenty of parking for customers vehicles. Building includes 2400 sq.ft. of leased space behind shop generating an additional $21,000 of rental income that is included in Owner Benefit. Auto repair center uses 6768 sq.ft. and the remaining 2400 sq.ft. is leased to tenants. Auto repair center could be expanded for future growth. Assets=$617,490

Market Competition and Expansion:

Area community is growing with new housing being developed. Current fleet customers include US Postal Service and area police vehicles. Opportunity exists to broaden advertising through customer email marketing, social media, and online presence. Normal level of competition with a few other shops in town. This automotive shop has shown consistent year after year revenue growth of over 14% from 2016, 2017 and 2018. Increased local marketing and added staff should help to continue revenue growth.

Reason for Selling:

Owner is retiring.

Additional Details:

  • The property is owned.
  • The owner is not 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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