General automotive repair business, servicing all makes and models. The facility is located in a high-traffic area with excellent visibility. The facility has 12 stalls, 10 lifts, and 12 bay doors with a great local reputation and a loyal customer database. The business has a proven track record of profitability, healthy financials, and consistent revenues for over 23 years. Opportunities for growth exist through simple marketing efforts and additional operational hours. The current owner has taken great pride in building this business but is now ready to retire. This is neither an offer nor a solicitation to sell securities. Real estate broker license on file.
- Asking Price:
- $1,650,000 Inventory / Stock included
- Sales Revenue:
- $1,423,866
- Cash Flow:
- $541,537
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$187,512 per annum
- Location:
-
Location is on a high-volume street with excellent visibility. The location has ample parking and room for growth.
- Premises Details:
-
Twelve bay automotive facility with plush interior office area, heated garage area.
- Size in square feet:
- 5,480
Business Operation
- Expansion Potential:
-
Automotive shop located on a high traffic street in an area of related industry. Marketing and advertising efforts would help attract new customers. Increasing hours of operation to 7 days a week could help grow customer base and improve speed of service.
- Competition / Market:
-
This business has been around for over 23 years and continues to be profitable and successful. They have a well-established operations and team of employees that help make this business a success
- Reasons for selling:
-
Retirement
- Trading hours:
-
Monday-Saturday 8 AM- 6PM
- Employees:
- 5
- Years established:
- 1999
Other Information
- Support & training:
-
Owner is willing to negotiate terms for a smooth transition to new ownership depending on buyer's experience in the industry.
- Furniture / Fixtures value:
- $120,000
- Inventory / Stock value:
- $2,500 - included in the asking price
