Auto Repair Shop & Real Estate – Mechanic's Dream!

Firestone, CO
Broomfield County


Asking Price: Annual Revenue:
$665,000 $559,000

Automotive & Boats: Auto & Truck Repair & Service


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RE: Auto Repair Shop & Real Estate – Mechanic's Dream! Broker: Chris Gerard
Owner Financing is Available!
Pre-Qualified for an SBA Loan with $123,000 Down Payment for a qualified buyer.

Quick Facts

Asking Price: $665,000
Annual Revenue: $559,000
Net Profit: $121,000
Cash Flow: $121,000
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: $440,000
Year Established: 2013
Employees: 4
BBN Listing #: 745245853
Broker Reference #: Not Disclosed

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Business Overview:

This profitable auto repair business focuses on general auto repair and maintenance, was established in 2013, and is located in the high growth area of Firestone Colorado. Both the business and the real estate are for sale.

Also, Seller kindly requests you refer all questions and inquiries directly to Broker Chris Gerard and do not show up unannounced at the place of business.

The shop provides general automotive repair and maintenance, which provides includes all manufacturer-recommended services: Air Conditioning, Belts, Filters Hoses, Radiators, Tune Ups, Alignment, Brakes, Fluids, Minor Electrical, Struts and Shocks, Wheel Bearings, Alternator, Diagnostics, Heater Cores, Oil Changes, and Tires and Repair.

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Property Features and Assets:

4,000 square foot building for sale for this shop that is open Monday through Friday from 8am to 5pm. The shop has 4 bays that are comprised of 2 lifts, 1 alignment rack, and 1 more bay. There is about $25,000 used replacement value of total equipment included in the sale of the business, and there is approximately $3,000 of inventory on hand. Option to add another bay. Located in a high-growth area and there is not very much commercial automotive in the area. There is a franchise auto shop down the street, but that is actually good for business. For purposes of zoning, the property is grandfathered in as an auto repair shop. As the surrounding property is being developed, there has not a been a lot of thoughtful planning consideration given for other auto repair facilities to start up given the need propelled by the population increase, which makes this an excellent strategic play for a mechanic to own the real estate and grow the business.

Market Competition and Expansion:

A prospective buyer will be excited that the shop in general is operating at only 60 to 70% capacity. This is due to owner running this business as a retirement business and simply not wanting to work any harder than he chooses. The real estate was refinanced with an SBA Loan a few years back and the appraisal on the property at that time was $420,000. The building is 4,000 total square feet and t there is a tenant that rents out 1,000 square feet for $820.00 per month. The rent will go up to $1,000.00 per month in 2020. A new owner could also consider not renting to the tenant and instead build out the space to add another 2 bays. Also - High growth area! There are two new subdivisions, 100 homes each, going in just down the street from the shop.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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