Excellent opportunity to own a locally owned and operated business that has been serving the Prince William County area for over 30 years. The shop is a full-service auto repair facility and approved by AAA which is a testament to their ability to meet the highest standards in vehicle care. The business employs certified repair technicians and is well-known for reliability, competency, fair prices, and shop cleanliness.
Over the years, the owners have prided themselves on being a true one stop shop for their customers by having a full-service garage that can perform virtually any service or diagnostic test. The shop offers a complimentary shuttle service and has a loaner car available as well. The customers appreciate that the employees are courteous and take the time to explain repairs in a clear and professional manner.
The business has excellent historical financial performance along with reliable and consistent cash flow. The automotive repair and maintenance market has seen healthy growth over the years with a positive future outlook and the location is ideal for a business in this industry. The owners have decided to retire after a long and successful run. They want to ensure the business continues to thrive and that their customers are in good hands. There is a large lot on site with ample space and potential for a used car dealership with the ability to fit over 60 cars.
Please note, the revenue and cash flow numbers claimed above are from 2021 which showed a strong recovery to the bottom line compared to 2020 (which was only $50k) and is in line with pre-covid performance where the business had an average annual revenue of about $400k with an average owner operated cash flow of over about $105k (from 2017-2019). The owner has recently reduced the asking price and it's now priced below market to help facilitate a quick sale.
