Auto Service Center

LOUISVILLE, Kentucky

Asking Price	$525,000	Year Established	1952
Annual Revenue	$1,014,596	Reason for Selling	Retirement.
Annual P/L	$0	Attention	Phil Eleson
Annual Cash Flow	$219,163	Listing Number	997746
# of Employees	5	Business Category	Automotive & Boats: Auto & Truck Repair & Service

Business Overview:

This is an opportunity to own an automotive repair center that has been a fixture in its neighborhood for decades. The business offers general repair and preventive maintenance services by its well-trained and long-tenured employees.

Property Features and Assets:

<p>The sellers own the property and is available to purchase. Alternatively, the buyer can lease the building for $86,000/Yr which is reflected in the financials.  Purchasing the property will allow the buyer to amortize the total purchase over 25 years, increasing the cash flow available to the owner after debt service.<br></p><p>Assets = $37,000</p>

Market Competition and Expansion:

<p>This area does not have a large number of retail chain competitors, unlike those found in suburban areas.  There are a few independently operated competitors within a one-to two-mile radius, but this is primarily a neighborhood shop.<br><br>Looking ahead, the industry is expected to see slow but steady growth. Vehicle mileage in the US is projected to keep rising, which means a continued demand for repairs and maintenance. <br></p><p>Opportunities for growth stem from rising vehicle mileage, keeping demand steady for repairs and maintenance. The emergence of subscription-based maintenance services offers shops a way to secure predictable, recurring income while helping customers maintain their vehicles on a regular basis. Technological advances, especially with electric cars and advanced driver assistance systems, create opportunities for mechanics who invest in specialized training and equipment.<br></p>

Additional Details: