Seller's Contact Information
- RE: Georgia/Alabama Automobile Repair And Machine Shop
- Contact: Greg Younts
Quick Facts
Asking Price: | $259,000 | |
Annual Revenue: | $820,068 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $101,855 | |
Total Debt: | Not Disclosed | |
FF&E: | 170,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1946 | |
Employees: | 7 | |
BBN Listing #: | 77934955 | |
Broker Reference #: | 1104-12572 |
Business Overview:
The company provides machine shop and repair services for various types of gas and diesel engines and sells related parts. Customers include end users, other repair shops, independent do-it-yourself mechanics, automotive dealerships, and major corporate accounts. Engine repair services are provided for autos, trucks, farm equipment, marine engines and other industrial equipment. Other auto repair shops and dealerships are customers because they do not have the equipment or expertise to provide the unique repair services offered by the company. About 90% of the Google and Facebook reviews are 5-star.
Customers are based in SW Georgia, SE Alabama and throughout the Chattahoochee Valley area, and are located as far as 100 miles from the home office.
Experience in the automotive industry is not required for a new owner as the company can be successfully managed and grown by an experienced businessperson. The experienced staff will aid in a smooth ownership transition.
The company has an inventory of about $140,000 of parts and supplies that is not included in the $259,000 sale price. The owner will sell the inventory at a 50% discount for a total price of $70,000. Total sale price of inventory will be adjusted to reflect the value at closing.
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Property Features and Assets:
Home office and sole location is a leased 8,500 sq. ft. standalone building with offices, retail parts area and machine shop. Assets= $170,000
Market Competition and Expansion:
The company enjoys a major competitive advantage because they offer repair services that most repair shops do not offer. The services are unique and demand for the services is strong. Customers served are as far as 100 miles from the home office because of the lack of other repair shops that provide similar services. New customers come mostly from word-of-mouth referrals. Growth in sales could be achieved with more aggressive sales and marketing, including the addition of an outside sales person(s). Engines could be sold on the company’s website. A second location for the company could be opened in the outer reaches of the geography served by the current location. Customer services could be added for installing performance engine builds, providing additional engine maintenance, LS engine tuning and engine dynamometer services.
Reason for Selling:
Owner is retiring.
Additional Details:
- The property is Leased.
- 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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