Seller's Contact Information
- RE: Premier Auto Shop With Real Estate For Sale
- Contact: John McCleary
Quick Facts
Asking Price: | $315,000 | |
Annual Revenue: | $585,473 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $181,259 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2017 | |
Employees: | 6 | |
BBN Listing #: | 426662509 | |
Broker Reference #: | Not Disclosed |
Business Overview:
Originally founded in 2017 by the current owners, the shop has grown to be one of the leading providers of auto repair services in the area. The shop offers a wide array of auto repair and maintenance services and specializes in servicing Asian-manufactured vehicles. The business has strong online reviews and high customer retention which is the result of 2 initiatives. First, the shop has a team of well-trained and experienced employees who are honest and friendly with customers. Second, the shop uses modern shop management software, which makes customer communication and project management easy and efficient for the team. A new owner would be up to speed in no time thanks to the current owners investment in their employees and their software.
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Property Features and Assets:
The 4,300 square foot facility has a 6 bay garage (5 bays as work bays), with a large long bay running the length of the building. There is a fenced in parking lot with ample parking spots for well managed lot inventory and other uses. The facility is available for sale at $435,000 and has previously been appraised by an SBA Bank for more than that amount.
Market Competition and Expansion:
The shop has the highest reviews and reputation of any shop in the area. Competition comes from smaller, privately owned shops (which have fewer employees and fewer lifts) along with a few national franchises. While the national franchises are able to compete with the shop on price, many customers, especially families, are hesitant to do business with a large national chain because of their reputation for dishonesty and would prefer to work with an independent shop. There are a number of opportunities to grow the business. First, a buyer could invest in outside sales to drive more commercial fleet work to the business. Second, there are a number of marketing channels like paid search rather than the CRM marketing that is mainly being used. The shop is currently only open Monday-Friday, the new owner could attract more business on Saturdays or Sundays.
Reason for Selling:
Pursuing new ventures.
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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