Auto Service Center For Sale

Property Information

Real Estate:

Lease

Premises Details:

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.

Business Operation

Management type:

This business is owner operated.

Expansion Potential:

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.

Competition / Market:

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.

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.

Reasons for selling:

Retirement.

Trading hours:

Monday-Friday 7:30am-5pm

Employees:

5 FT

Years established:

73

Other Information

Furniture / Fixtures value:

$30,000 - included in the asking price

Inventory / Stock value:

$7,000 - included in the asking price

Relocatable:

This business can be relocated