Retirement Sale – Niche Auto Repair

Colorado Springs, CO
El Paso County


Asking Price: Annual Revenue:
$350,000 $243,344

Automotive & Boats: Auto & Truck Repair & Service


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RE: Retirement Sale – Niche Auto Repair Broker: Scott A. Densmore
License #: ER000212091

Quick Facts

Asking Price: $350,000
Annual Revenue: $243,344
Net Profit: Not Disclosed
Cash Flow: $88,935
Total Debt: Not Disclosed
FF&E: $56,000
Real Estate: $260,000
Year Established: 1961
Employees: 3
BBN Listing #: 6444981
Broker Reference #: 1020

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Business Overview:

Listed Near Asset Value! This highly respected and well maintained full-service automotive repair shop has been servicing mostly high-end foreign model vehicles for over 55 years. This business brings in customers based solely on its reputation through word-of-mouth referrals. It has a long track record of profitability; it has enabled two previous owners to retire and it is now time for the third owners to retire and pass it on again. Ready for expansion, this business has an adjacent parcel of real estate that is optionally available. Current operations utilize two bays and the adjacent warehouse has room for approximately four or five more bays. Both parcels of real estate are securely fenced for vehicle storage. Financial information reflects a three-year average. The SDE has recently decreased due solely to the owners taking time off, as they are already semi-retired. The customers continue to come in, and management believes that new owners could increase profits by simply working more. With plenty of low hanging fruit, this business is a great opportunity and is ripe for growth.

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Property Features and Assets:

Current operations utilize two bays. Real estate is securely fenced for vehicle storage.

Market Competition and Expansion:

This business has an adjacent parcel of real estate that is optionally available.

Reason for Selling:

Retirement

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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