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.
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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 homebased business opportunity.
- This is not a franchise resale opportunity
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