NOT DISCLOSED, Montana
| Asking Price |
$2,250,000 |
Year Established |
1919 |
|
| Annual Revenue |
$3,462,209 |
Reason for Selling |
The owners would like to retire and transfer the business to a new owner. |
|
| Annual P/L |
$0 |
Attention |
John Maslanik |
|
| Annual Cash Flow |
$139,636 |
Listing Number |
1010392 |
|
| # of Employees |
7 |
Business Category |
Automotive & Boats: Auto & Truck Repair & Service |
|
Business Overview:
This family-owned business has been operating for over 100 years. It has been successful from the beginning as one of the first auto dealerships, and thereafter as a full-service garage, offering retail fuel and repair services. In 1954, LPG distribution was added to the business to enhance its position in the community. Garage services include tune-ups, tire sales, general repair, electronic and computer diagnostics, A/C system repairs, and towing services. LPG and fuel distribution to more than 500 customers, both residential and commercial, in the rural community accounts for a major portion of the total revenue and profits. These customers are on month-to-month and annual contracts.
Property Features and Assets:
<p>The business operates from a centrally located service garage with numerous items of equipment used in the repair business. A second location, on the edge of town, provides tank storage for bulk fuels and equipment for filling local delivery trucks.<br><br>The service garage occupies a 1/2 acre city lot, with a 9,800 sq ft building that includes a customer waiting room and offices, work area with 2 overhead lifts, and 1,200 sq ft enclosed storage. There's a covered, on-site fuel island with pumps and a paved parking lot. The value of the real estate is not included in the Listed Price but is available for purchase.<br></p><p>Assets = $850,446</p>
Market Competition and Expansion:
<p>Competition is moderate for a commodity business with several competing fuel distributors, but the service business cannot be duplicated locally. A loyal customer base built over the decades draws repeat business for servicing vehicles and tire sales. Additionally, the company carries open accounts for customers which contributes to a stable revenue stream.<br></p><p>The business has several growth opportunities it can exploit. First, there is a growing population, partly driven by remote workers looking to live in small towns; second, there is a nearby copper mine that will open soon, which will increase employment and the need for ancillary services. Advertising expenses could be reduced without sacrificing growth as word-of-mouth has proven the most effective marketing. <br></p>
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