General Auto Repair Shop for Sale

Not Disclosed, NY
Albany County


Asking Price: Annual Revenue:
$550,000 $1,032,000

Automotive & Boats: Auto & Truck Repair & Service


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RE: General Auto Repair Shop for Sale Broker: William Fry
Owner Financing is Available!
The owner is willing to seller finance a portion of the transaction.

Quick Facts

Asking Price: $550,000
Annual Revenue: $1,032,000
Net Profit: Not Disclosed
Cash Flow: $208,500
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1990
Employees: 5
BBN Listing #: 494762509
Broker Reference #: 13224274

Email or Print Listing

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Business Overview:

Estimated Down Payment: $55,000 (10% of Asking Price)

After having been in the industry as a mechanic and technician for nearly 15 years, the current owner realized that ownership was the path towards financial security. While he always had a deep understanding of mechanics, the art and science of running a business was new to him.

The shop has now grown into a well oiled machine itself. It’s grossed an average of nearly $1,000,000 in annual revenue over the last three and a half years, with a solid cashflow to the owner. It has a strong customer base and a personalized approach to customer service with a team of 5 employees in addition to the owner.

After an almost 50 year run in the automotive repair industry, the current owner is looking to call it a day. He’s in search of an interested buyer to buy up the shop. It’s important to him that the buyer has strong ethics, is an honest person, and is dedicated to providing quality service.

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Property Features and Assets:

The facility includes 2,600 square feet of shop space with 4 lifts and an alignment bay. There is a 1,600 square foot carport with an additional lift and covered parking for customer cars. Each work bay is equipped with a computer for parts ordering and access to vehicle information. The shop also includes a small but clean and welcoming waiting room. The waiting room comes with coffee, WiFi and other amenities. The area includes an office with two computer workstations as well. The owner would prefer to keep the property and lease to the buyer, but would consider selling the property also.

Market Competition and Expansion:

Customers choose the shop for its quality and customer service. The firm has a well-to-do client base that understands the value of quality work, which makes the unit economics strong and avoids having to haggle over price. This is based upon the strong trust built up by the business and allows the firm to compete against dealership service. 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 and CRM marketing that are not being used at all. Third, the facility has ample room to expand both in terms of enclosing the carport for additional work space as well as hiring an additional technician. Lastly, there is opportunity to grow after-market product sales such as car alarms, running boards, etc.

Reason for Selling:

Retirement

Additional Details:

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

Documents:

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