The Company has been in business since 1960 (64 years) and is located on a high traffic count road. The location provides excellent exposure to the public with the sizable lighted sign. It is a small but busy garage that is known for integrity and excellent customer service. The two mechanics pride themselves on precision workmanship and reliable results. The Company is known as a trusted business throughout the community. Transparent communication with their customers is the cornerstone of their philosophy with the mechanics taking time to thoroughly explain repair options, costs, and timelines. The positive things mentioned in this paragraph are supported by the 51 customer Google reviews that rated the Company a 4.7 average rating on a scale of 1 to 5. They have a large extremely loyal customer base that includes multiple generations within families that have for decades been taking their vehicles to this shop for all their automotive needs.
- Asking Price:
- $137,500 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $258,152
- Cash Flow:
- $96,446
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The garage is a stand-alone building that consists of 2 bays, office, customer waiting area, bathroom (inside access), two storage areas for tools and parts, separate roof covered overhang, outdoor storage shed, and a stand-alone large roof covered awning in front of the garage. One of the garage bays includes a vehicle lift and the other bay has a pit that is accessible by stairs. The leased property also includes an air compressor with lines and hoses. The property dimensions are 170 ft. by 230 ft. and there is a security system with cameras inside and outside the garage along with a lighted sign near the high traffic count road the garage is located on. The monthly rent for the garage is $1,550 per month plus utilities and the maintenance cost of the equipment.
Business Operation
- Expansion Potential:
-
Although the business has been successfully operating for sixty plus years, some things could be done to increase and grow the business beyond its current operating level.
See below:
Increase hours of operation and staff hours. Current hours are Mon. thru Thurs. 7am-4pm; Fri. 7am-2pm
Develop and promote a website.
Establish a presence on various social media platforms.
Participate in online and local advertising.
Establish a customer cash reward referral program.
- Competition / Market:
-
Competition exists at what would be considered a normal level. The Business has a network of competitors that compete with them in some services offered but many of them have a specialty niche, and The Business will refer work to them when the need exists. In return, they also receive referrals from these same friendly competitors.
- Reasons for selling:
-
Seller is relocating.
- Trading hours:
-
Mon-Thurs 7am-4pm; Fri 7am-2pm
- Employees:
- 1 PT
- Years established:
- 64
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Furniture / Fixtures value:
- $27,331 - included in the asking price
- Inventory / Stock value:
- $20,228 - included in the asking price
