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Reputable Auto Service Repair Shop With Large Lot For Sale

Prince William County, Virginia, US
Asking Price:
$100,000 Furniture / Fixtures included
Sales Revenue:
$351,166
Cash Flow:
$103,043

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.

Property Information

Real Estate:

Lease

Location:

The repair shop is located in a densely populated area with good street visibility. There is a large commercial area in the immediate vicinity of the business and a number of residential communities nearby as well.

Premises Details:

The 3600 sq ft facility is leased for approx. $4,350mo. There are two separate drive bays each with lifts and room for 3 more vehicles to be serviced in the shop.

Business Operation

Expansion Potential:

The shop does not currently work on European vehicles, but a new owner could expand the service offerings to include those makes and models. A new owner might also consider implementing a marketing and advertising plan to create awareness about the business and attract new customers. One potential area of expansion is the ability to sell used cars as the business has ample parking for over 60 vehicles and is zoned for used car sales.

Competition / Market:

There is standard competition for the industry. The established brand, reputation, quality of service, and competitive pricing allows this business to stand out from its competitors.

Reasons for selling:

Owners are retiring.

Employees:
2
Years established:
33

Other Information

Support & training:

Seller will provide necessary training and support.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller may consider providing some financing depending on the final purchase price, terms, and qualifications of the buyer.

Furniture / Fixtures value:
$40,000 - included in the asking price
Inventory / Stock value:
$1,500

Contact Horizon Business Brokers, LLC

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