Established in 2001, this is a highly profitable and well-known auto repair shop in King County, WA. The shop performs a wide range of mechanical repairs including brakes, oil changes, HVAC, electrical repairs, fuel systems, timing belt repair, transmissions, suspension repair, and more. It is not a franchise. The shop works on 45 cars per week on average with an average RO (repair order) of $680. Staffing consists of one manager / service writer and three automotive technicians. The current owner works full-time in the business performing a combination of duties including service writing, fixing cars, delivering parts, and overseeing the business. The owner’s spouse works 8 hours a week doing paperwork and bookkeeping. The SDE figure presented already takes into account the buyer hiring a new assistant technician for $65,000 a year to take over the current owner’s car repair duties. After 25 years of owning the business, the owner is ready to retire. This is an excellent opportunity to take over a highly successful auto repair shop and grow it to the next level.
- Asking Price:
- $975,000 Furniture / Fixtures included
- Sales Revenue:
- $1,618,930
- Cash Flow:
- $321,027
Property Information
- Real Estate:
-
Lease
- Location:
-
The shop is located on a major arterial corridor with monumental signage and excellent visibility. The building is approximately 2,800 square feet sitting on 26,000 square feet of land. The shop has 6 bays and 4 lifts with a 3-bay car oil change pit. There are 21 parking spaces on the property and 5 additional parking spots on the street. Rent is $10,000 per month and the landlord is willing to grant the buyer a long-term lease.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
The current owner is looking to retire and has not been focused on growing the business. Only about 1% of revenue is spent on advertising, and revenues have remained steady at the current level over the last few years. A new owner with fresh energy can take over the existing infrastructure, focus on marketing, and grow this business to the next level.
- Competition / Market:
-
Having been established for 25 years, this auto repair shop has built up a loyal following through years of integrity, quality work, and excellent service. The staff is experienced and the shop is well-run and highly profitable. The location is excellent, and the shop has a great reputation. Auto repair is considered a recession-resistant industry as there will always be demand for fixing cars, and putting off auto repair will only lead to more expensive repairs down the road.
- Reasons for selling:
-
Retirement.
- Employees:
- 4 FT
- Years established:
- 25
Other Information
- Support & training:
-
Seller is willing to train. Details negotiable.
- Financing available:
-
Cash at closing. Broker can assist buyer with bank financing.
- Furniture / Fixtures value:
- $196,228 - included in the asking price
- Inventory / Stock value:
- $19,356
