CLEVELAND, Ohio
| Asking Price |
$170,000 |
Year Established |
2012 |
|
| Annual Revenue |
$300,000 |
Reason for Selling |
Retirement |
|
| Annual P/L |
|
Attention |
Bill Molchan |
|
| Annual Cash Flow |
$50,000 |
Listing Number |
989574 |
|
| # of Employees |
3 |
Business Category |
Automotive & Boats: Auto Retail - Auto Parts |
|
Business Overview:
Offered for sale, a well-established and respected auto repair and service center in the Cleveland, Ohio area, boasting over 13 years of experience. Located in a densely populated area on a high-traffic street, it offers a variety of automotive services under one roof: auto repair, A/C services, tire changes with balancing, alignment rack, and more.
The company's strong identity in the area fosters a loyal and expansive customer base. Understanding their diverse needs, preferences, and behaviors enables the center to tailor its services and marketing efforts effectively, fostering long-term relationships and loyalty. Additionally, it routinely supports an associated car sales retailer. Staffed by a dedicated team of three highly skilled and experienced employees, their commitment to the business and community drives its success.
Financial stability is a hallmark of this enterprise, with reported revenues of $306,000 in 2024, $268,000 in 2023, and $285,000 in 2022. Seller Discretionary Earnings (SDE) reflects the business's financial health, standing at $50,000 for 2023 and 2022, with a similar expectation for 2024. For potential buyers, this represents a lucrative opportunity to enter or expand within the automobile repair market.
With the current owner seeking retirement, the business presents a solid foundation for new ownership to leverage its reputation and explore further growth prospects. This transition offers an exciting venture for those ready to build upon a legacy of excellence in the Greater Cleveland area.
The seller requests that interested buyers demonstrate commitment to confidentiality by signing a non-disclosure agreement (NDA) and becoming qualified buyers before certain details are released. This safeguards privacy and ensures a secure transaction process aligned with industry best practices. These measures also serve as evidence of buyers' genuine intent and financial capability.
Property Features and Assets:
Market Competition and Expansion:
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