Seller's Contact Information
- RE: For Sale Auto Repair Shop - Freestanding National
- Contact: Kevin Chung
- License #: 567204
Quick Facts
Asking Price: | $1,319,000 | |
Annual Revenue: | $1,043,188 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $340,540 | |
Total Debt: | Not Disclosed | |
FF&E: | 200,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2010 | |
Employees: | 8 | |
BBN Listing #: | 928819188 | |
Broker Reference #: | 001260 |
Business Overview:
For Sale Auto Repair Shop! If you're looking for a solid business opportunity in the auto repair industry, consider this established full-service auto repair shop in East Dallas County! This business was established 13 years ago by two owners that have managed the business since opening in 2010. The shop occupies a 7,810 SF freestanding building providing ample space for daily operations. The location is desirable as it sits near one of the busiest intersections in the metroplex. Potential growth is also looking bright, with a large retail and business development underway in the immediate area expected to break ground in 2024. Nearby competition is made chiefly of smaller shops offering limited services, but this shop sets itself apart in several ways. For starters, this business holds a nationally recognized name. With a growing population of Texas implants from all over the nation, a nationally recognized name remains attractive to new and old residents. While most of the competition offers limited services, this full-service auto shop provides various services such as engine repair, steering and suspension repair, alignment, brakes, oil change, batteries, tires, transmission, inspections, tune-ups, scheduled maintenance, etc. Other reasons, including competitive pricing for quality parts and services, superior customer service, and slightly broader hours of operation, have enabled this shop to stand firm amid nearby competition.
The shop has built a solid customer base consisting of locals of varied demographic with different income levels and national accounts, including vehicles from Amazon, Verizon, Teminex, AT&T, and more. This business's gross income has steadily increased over recent years except for 2020 due to being closed for 3 months. As of 2022, the annual gross income has increased 20% since 2019. The business has been performing well despite nonexistent marketing outside of the corporate website. The shop has relied primarily on word of mouth, referrals, and repeat customers to grow. Implementing marketing methods like social media outlets, email marketing, web-based advertisements, direct mailing, etc., are some methods to increase exposure and potential sales. Marketing efforts should be directed toward bringing corporate/national accounts to take sales to the next level. Overall this full-service auto repair shop's framework is solid and primed for success. The right potential buyer for this business is knowledgeable, experienced, and tech-savvy enough to implement additional marketing strategies. Hiring a full-time manager will also be vital in achieving the full-income potential of this business.
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Property Features and Assets:
This business is located in a 7,810 SF freestanding building with 12 bays and with a high-traffic intersection and a densely populated residential area nearby. Equipment and Facilities are in excellent condition. / Inventory: $45,000 (Not Included in listed price).
Market Competition and Expansion:
Competition: This business has nearby competitors in the local area. Most offer limited service, or they're smaller and independently owned. This business maintains an advantage over the competition by offering full service, a larger facility, competitively priced auto parts, superior customer service, and slightly longer hours. / Growth and Expansion: No marketing outside the corporate website is implemented to grow the business proactively. An experienced owner that can implement marketing strategies will effectively be able to increase sales for this business with marketing methods aimed at the local region and additional corporate accounts. Lastly, a large retail and business development is being built in the immediate area and is expected to break ground in 2024. There are plans to build a significant amount of new homes around the development leading to a growing local population and favorable conditions for nearby businesses such as this auto repair shop.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Documents:
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