Automotive Repair, Body Shop, and Towing

Bridgeport, CT

Asking Price: Annual Revenue:
$790,000 $1,785,384

Automotive & Boats: Auto & Truck Repair & Service

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RE: Automotive Repair, Body Shop, and Towing Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $790,000 12.5% Buyer Down Payment: $98,750 12.5% Seller Financing: $98,750 75% Bank Loan: $592,500

Quick Facts

Asking Price: $790,000
Annual Revenue: $1,785,384
Net Profit: Not Disclosed
Cash Flow: $234,028
Total Debt: Not Disclosed
FF&E: $533,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 10
BBN Listing #: 501234398
Broker Reference #: AUT025

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Business Overview:

Located in Connecticut, this auto shop has four main revenue streams: repair, towing, auto sales, and body repair. Body shop work accounts for sixty percent of annual revenues, with mechanical repairs earning thirty percent, and towing and car sales the remaining ten. The shop features eight bays with plenty of room to meet current customer needs as well as room to grow without modifications to the current space. Social media reviews are excellent and show a dedicated and satisfied customer base as well as the development of a continued trust since 1996. The owner currently oversees financial management. Oversight of daily operations is done in partnership with the two shop managers. Seven technicians and one driver round out this well-trained team.

The building is 4,500 square feet with a large paved lot in the front and the rear of the shop. The back lot is secured with fencing, an alarm system, and other security features. There are eight vehicle bays for repair work as well as a waiting area, restrooms, and a private office for the owner. Also included is a 600 square foot paint booth located just outside the main building.

Business has been growing year-over-year but continued additional revenues could be found in any of the of four service areas. Both the body shop and mechanical repair division have room for additional capacity, while the auto sales can increase as desired. The greatest potential for increased income is to focus on building towing business.

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Property Features and Assets:

4,500: 8 bays, customer waiting area, restrooms, private office, external paint booth.

Market Competition and Expansion:

Room to grow in all four revenue streams through networking, advertising, or building the client base.

Reason for Selling:

Focus on other non-competing business.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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