Guilford County Auto Repair Service Business Reduced For Sale

Business description

Buy this profitable auto repair business and decide if you want to keep the current manager or save those wages by running it yourself. A high traffic count of middle to upper income customers is produced by neighboring destinations of well known national and regional retailers resulting in lots of drop-in business. Other first-time customers are solicited by advertising in local restaurant menus. Repeat business is attracted through bi-weekly mailings of service reminders. Several small fleets of less than 10 vehicles each are steady, on-time paying customers. Jobs range from simple oil changes to complex, heavy jobs such as a transmission re-build. All types of state inspections are performed including cars, commercial trucks, motorcycles and trailers with the aid of up to date monitoring equipment.

Property information

Real Estate:

Lease

Lease terms:

3150 square feet facility

Leasehold rent:

$48,500 per annum

Location:

High traffic, multi-lane street near many other retail businesses including the local ABC store.

Premises details:

Attractive block building on ~1/2 acre lot was erected in 1997 to franchise specs for high traffic count and visibility which has continued to increase. Multiple bays, each with its own lift, provides plenty of room for increased revenue. A spacious customer waiting area with large windows is appealing to female customers.

Business Operation

Expansion potential:

With plenty of land to expand the building, a computer system capable of producing service reminders by email and a growing landscape of residential and business prospects there are multiple avenues available for future growth.

Competition / Market:

Although there are about 5 independent garages within a 3 mile radius of the business, none have greater visibility to the motoring public. A major tire retailer refers their “heavy” work as well as any overflow oil changes, etc. in exchange for tire referrals.

Reasons for selling:

Seller has other business interests.

Trading hours:

Monday - Friday 8am - 6pm, Saturday 8am - noon

Employees:

3

Years established:

14

Other information

Support & training:

Seller will provide up to 24 work days of on-site training and mentoring at no additional cost.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller will provide some financing to a qualified buyer.

Furniture / Fixtures value:

$75,000 (included in the asking price)

Inventory / Stock value:

$400 (included in the asking price)