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Listed by:

TC Business Brokers

Broker license number: bk306007

Auto Repair Tire Dealer Quick Lube For Sale

Stuart, Florida, US
Asking Price:
$1,200,000
Sales Revenue:
$1,830,000
Cash Flow:
$250K - $500K

Business Description
This business is a successful, independent 32-year established auto Repair/Tire Dealer/Quick-Lube.

Owner is mostly absentee and strong dependable employees and managers are in place. This business does great and is very profitable without the owner on-site, but an owner-operator could make even more income. Business remained steady during Covid, staying open as an essential service, and recovered quickly after a slow March-May.

The seller will also include a currently unused service bay for a new owner to use - room for expansion or adding another service specialty! Possibilities include collision repair, vehicle restorations, car wash, auto detailing, a large storage area - or anything else. The extra bay is fully plumbed and designed for a high-end car wash if the buyer wanted to use it for that, or any other use. Located ideally in the greater St. Lucie county area on a busy road, with convenient access to the major highways.

No franchise fees or royalties to pay or rules to follow - this is a local independent brand, established 30+ years ago, with a solid history, tons of goodwill and many long-time repeat clients (including commercial clients who have the vehicles maintained regularly).

Part of the busy common parking area of the site is also used as a steady volume used car lot. That revenue or cash flow is not shown here, but the seller pockets a good bit of extra cash yearly. The auto repair business feeds a lot of cars, for example when the owners would rather sell than have an expensive repair, and many other locals know to drive by frequently to see what cars are sitting out front for sale or ask what the seller would buy their car for...

$1.83m in revenue with strong cash flow (seller will share in due diligence).

Bays have wide 12' doors and the space includes a large upstairs office area, conference room and the perfect man cave as well!

Owner will stay for a reasonable period (minimum 30 days) to train and assist in the transition. Longer is very possible if needed. All information and details are approximate and based on seller-provided information.

Property Information

Real Estate:

Lease

Living Accommodation:

Although not officially a livable apartment, the facility has large upstairs area that may be used for this purpose - no warrantees are made though. Rent for living could not be charged, but it MAY be possible to reduce a manager's, etc. salary in exchange...

Location:

Greater St. Lucie county area, Florida/US (north of Palm Beach county on the east coast).

Premises Details:

Nearly 7500 + sq ft of facilities including a large 2nd floor office area / "man-cave" / office space / conference room / storage. Also an extra large bay for expansion or use as car wash (plumbed for) or other automotive use.

Size in square feet:
7,500
Planning Consent:

NA

Business Operation

Expansion Potential:

There are number of clear ways to grow and expand the business from the existing location and facilities. Seller will share with a buyer.

Competition / Market:

This business has built a stellar reputation over the past 32 years, with many loyal, repeat personal and business clients of all kinds and commercial vehicle maintenance contracts in place. Business has defined competitive advantages over it's competitors. For one thing, it is a "one stop shop" that attracts many clients to stop for general automotive work, tire needs and oil change all at the same location.

Trading hours:

8-5 Monday-Friday
8-1 Sat

Employees:
18
Years established:
32

Other Information

Support & training:

Seller will stay and train/ assist with the transition for at least 30 days. Also, the highly knowledgeable current managers and employees are expected to be agreeable to remaining long-term.

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