Business For Sale

Established Auto Repair Shop - Good Location

Not Disclosed, VA
Chesterfield County


Asking Price: Annual Revenue:
$250,000 $515,077

Automotive & Boats: Auto & Truck Repair & Service


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RE: Established Auto Repair Shop - Good Location Broker: Russell Fergusson
Owner Financing is Available!
$50,000.00

Quick Facts

Asking Price: $250,000
Annual Revenue: $515,077
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $86,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 4
BBN Listing #: 196743891
Broker Reference #: 9525-830008

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Business Overview:

Full service auto repair shop on major road with good visibility. Shop has 6 bays, customer lounge area with counter and office. Upstairs has large office and bathroom. Currently operating as Cottman Transmission under license agreement for next 17 months.

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Property Features and Assets:

Owner started as Cottman franchise operation in present location 13 years ago with son serving as General Manager. Seller previously owned another brand of auto repair franchise with 2 locations, sold one and closed other after lease expired. Location grew sales to $900,000 but revenue has dropped last few years to between $500,000 - $600,000 annually with no profit and loss on tax returns. General Manager takes $2,000 a month in cash disbursements plus salary. Masonry and glass building with 6 bay doors, customer lounge and office. Upstairs office with bathroom.

Market Competition and Expansion:

Numerous auto dealers and repair shops in the area, especially along Midlothian Turnpike. This location has plenty of parking and signage opportunity. Buyer can rebrand as independent or another franchise. Develop and implement marketing strategy to increase revenue and visibility.

Reason for Selling:

Retiring

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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