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|Net Profit:||Not Disclosed|
|Total Debt:||Not Disclosed|
|BBN Listing #:||30362509|
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The business is a thriving automotive service provider located in the heart of Windham County. The business was founded in the fall of 2015 by the co-owners, driven by their passion for automobiles and a shared vision of providing top-quality automotive repair and detailing services to the local community.
The owners started the business with nothing more than an empty building and a toolbox. They faced numerous challenges and worked tirelessly to transform their vision into a reality. Through their dedication and unwavering commitment to excellence, they have built a reputable and customer-centric automotive service business that has gained the trust and loyalty of a steadily growing clientele.
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Property Features and Assets:
The business benefits from a strategic location in Windham County, offering proximity to two dealership partners and convenient access to its customer base. The property encompasses a spacious 7,000 square feet and features a robust metal building with cement floors, two or more overhead doors, and a loading dock. The facility also includes three office spaces, gated access, and comprehensive security camera coverage. The ample parking area can accommodate up to 25-30 cars, ensuring convenient customer access. Located near supplies, gas stations, and grocery stores, the facility enjoys a favorable setting for efficient operations and ease of accessibility. The business property is currently owned by the existing owners, who are willing to lease it to the new owner for $6,000 per month. The proposed lease agreement would span five years, with a first right of refusal granted to the lessee in the event that the real estate is listed for sale. Additionally, the current owners are open to selling the property for a price of 1.5m.
Market Competition and Expansion:
The business operates in a competitive market, contending with four local competitors situated within a 15-mile radius. These competitors consist of small-scale establishments, ranging from two-man shops with towing services to single-person operations. What sets the business apart is its comprehensive range of services and capacity to handle a larger volume of customers on a daily basis. With the retirement of several local collision repair shops anticipated in the coming years, there is a significant opportunity for the business to expand its service offerings. By diversifying and expanding the range of services provided, such as adding additional repair or customization options, the business can cater to a wider customer base and capture new market segments.
Reason for Selling:
Move on to other ventures.
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