Description

Are you looking for an amazing opportunity to purchase an independent auto repair center with annual sales that have averaged over $1,118,000 for the past three years? This highly profitable business generates over $370,000 in cash flow, affording an owner/operator a lucrative salary after debt service. The Business is well established with over 45 years of goodwill, excellent reputation for customer service and a loyal clientele. The Business comes complete with the state-of-the-art equipment required to run a high end import auto repair business, including brakes, oil change, engine performance, steering and suspension, starting and charging, and heating and cooling. The 10,000 square foot building has 8 service bays (4 lifts), with room for extensive parts storage, interior parking and a customer reception area. Experienced, long term employees will support an entrepreneurial new owner who wishes to further grow the business. The Business retains a license for the sale of pre-owned vehicles, but has not promoted this segment in recent years. The Seller will provide extensive training and support during the transition period. The Asking Price for this highly profitable Business is $1,010,000, plus $40,000 in inventory. The Business is pre-qualified for 75% Bank/SBA financing for 10 years @6%. The Seller will consider supplemental financing to a qualified Buyer in order to reduce the down payment requirement to approximately $169,000. The Seller is motivated to retire after building a successful business over four decades. With a great reputation for quality, convenience and trusted service, this Business offers a Buyer a unique opportunity to control your own destiny and realize your dreams of owning a respected business in the community.

Financial Summary

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