The Company is independently owned and operated. They have been in business for over 40 years and have built an outstanding reputation as an honest and trustworthy business within the Augusta community. They are in an excellent location and have facilities that provide ample room for expansion by adding additional automotive repair services or by adding complementary services (e.g. body shop, truck rentals) to expand their current business and achieve revenue growth. Their four experienced technicians provide accurate diagnostics, a wide range of auto repairs, and tire services as well.
INVESTMENT HIGHLIGHTS:
• Solid and Consistent Revenue Stream
o 75% auto repairs, 25% tire sales/service with a stable and dedicated customer base.
• Growth Potential
o Company’s 18,600 Sq. Ft. facilities and 2-acre lot can support significant expansion. Currently 50% utilized (e.g. 13 bays – doors 10’ wide x 12’ high, 8 lifts), there is an excellent opportunity to expand capacity with relatively little capital investment.
• Lease Arrangement
o Assumable lease of $1,850/month
GROWTH OPPORTUNITIES:
• Expanded Marketing / Advertising / Website
o Current owner has done very little marketing and has been successful via their years in business, word-of-mouth referrals, and local drive by traffic.
o A new emphasis on Marketing, including an upgraded website, could significantly increase visibility, drive increased traffic and revenues.
• Add Technicians / Expand Hours of Operation
o There are currently 4 service technicians and 13 service bays. Adding additional technicians would allow for improved utilization of the bays and provide a significant increase in revenues with little to no capital investment.
o Expand hours of operation from current 8-5, M-F to open earlier/stay later and potentially consider Saturdays.
• Add Complementary Services
o The abundance of space in the buildings and on the property could be easily repurposed to add complementary services (e.g. Truck Rentals, Auto Glass Repair, Body Shop) to drive revenues without adding significant investment.
o Services could either be added/managed by the owner or sub-let and managed by other owners already in those businesses and looking to expand locations.
Real Estate Available: No
Real Estate Included: No
Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
