Auto Repair with Real Estate

Not Disclosed, MN

MN Metro Area


Asking Price: Annual Revenue:
$1,100,000 $1,224,640

Automotive & Boats: Auto & Truck Repair & Service


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RE: Auto Repair with Real Estate Broker: Sean Carey

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $1,224,640
Net Profit: Not Disclosed
Cash Flow: $332,053
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $590,000
Year Established: 1991
Employees: Not Disclosed
BBN Listing #: 491455277
Broker Reference #: 15221679-SC

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Business Overview:

OFFERING

Don’t miss this rare opportunity to own a successful and profitable auto repair facility. The Company has been established and locally owned since 1991.

The Company has one of the highest customer satisfaction rates in the industry of over 95%.Their exceptional service and local reputation are the reason families throughout the area continue to send their vehicles to this company. The company has recently invested in newer state-of-the-art equipment.

The owner is looking forward to retirement and is ready to pass the baton to a new owner and assist for a smooth transition.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Market Competition and Expansion:

INDUSTRY TRENDS (1) • The average auto repair shop has about 4-5 employees and generates $709,000 in annual revenue. • The automobile repair industry includes 78,600 firms that operate 82,500 shops, employ 345,600 workers, and generate $55 billion in annual sales. • The auto repair industry is separate from dealerships that provide repair services as well as the aftermarket industry, which manufactures and supplies components for vehicle repair. • The automobile repair industry is highly fragmented. A vast majority of independent service shops are family-owned. • The average car is 12.1 years old. A shift toward older vehicles tends to benefit the auto repair industry, as it indicates customers are more likely to take them to a mechanic for service. (1) Source: Vertical IQ – Auto Repair Shops

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.

Documents:

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