*Under Contract*
This profitable auto service center and full-service gas station is located just one hour north of Boston in a charming and wealthy southern Maine coastal village with nearby beaches, shopping, restaurants, and marinas. They enjoy a stellar reputation in the community and boast a 4.4/5 rating on google and 4.9/5 on Facebook.
Their staff of trained technicians specialize in performing a full range of the most lucrative automotive services including alignments, tires, exhaust, brakes, shocks & struts, air conditioning, tune-ups, and state inspections.
The repair shop has an annual car count of around 4000 jobs and performs about 2,500 inspections, 1,500 oil changes, 250 brake jobs, 125 alignments and over 1,000 tires per year.
Included auto service equipment consists of a 4-wheel alignment machine and alignment lift, rim clamp tire machine and computer spin balancer, hydraulic shop press and air compressor as well as various hand tools and a vast array of special tool kits, office supplies, and equipment.
The full serve gas part of the business is more of a boutique affair at 125,000 gallons of gas per year but pairs nicely with the atmosphere of the upscale customer waiting room and dealer level customer service. The underground storage tank was replaced in 2005 with a modern double wall electronically monitored 16,000 tank that is serviced by and belongs to the gas supplier.
The seller will stay on to assist with the transition.
Opportunities for Growth: Ramp up social media marketing to increase volume for gas and other services.
Purchase Price: $275,000
Cash Flow: $142,692
Gross Revenue: $1,178,855
Inventory: $35,000+/- (not included in sale price)
Real Estate: Leased at 2,200/month
Employees: 4 FT, 1 PT
Payroll: $208,121/year
Founded: 1956
Reason for Sale: Retirement
Note: Financials are seller-provided and not audited by Inbar Group ,Inc.
