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Successful Lifestyle Auto Repair Shop For Sale

Cowichan Valley, British Columbia, Canada
Asking Price:
$399,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$850,000 (CAD)
Cash Flow:
$250K - $500K (CAD)

If you're reading this, then you are looking at a Golden Opportunity to take on an auto repair & high performance/restoration/body shop on Vancouver Island!

It's ideal for a mechanic(s) or car enthusiast(s) and the business has won multiple awards. This asset sale comes with tools, equipment & courtesy cars complete with an inventory list, all of it totalling over $240,000.

This is a lifestyle business - the current owners are selling as they wish to pursue another lifelong passion - that brings with it a high reputation in the area for quality work and great customer service. It's worth noting that it's important to the current owners that the business is sold to someone who cares as much about the clients as they do the cars themselves.

FEATURES:
- Award-winning Automotive Shop of the Year for Vancouver Island.
- New shop added in April 2021. We do restoration, minor auto body repairs, and off road performance such as lifts kits, bumpers, lighting, maintenance and repairs.
- Perfect lifestyle business giving you flexibility to achieve your own work-life balance.
- Great team in place.
- Wonderful customers who deserve ongoing care and service.
- Specialist in Hybrid Repairs including batteries (great profits and no competition).
- Diesel performance and maintenance (nobody else does this locally).
- Charging stations for Tesla and EV on site.
- Other profit centres included such as Electric Dirt Bike Distributor.
- Only certified Smart Start Breathalyzer Installation and Calibration Facility in the Cowichan Valley.
- Approved ICBC inspection facility.
- 11-month profit of over $242,000 and projected to be over $264,000 by end of March
- The only authorized repair facility for U-Haul in the Cowichan Valley.
- Seven bays in Cowichan Valley (with two main buildings).
- Accounting statements plus many pictures.
- Great highway exposure plus cheap 5-year lease that is extendable.
- Will stay on part-time for 30 - 60 days

The current leasehold still has four and a half years on it with cheap rent extendable on both buildings. The asking price also includes all heat, water and sewage. If you move here to run the business, you will enjoy the most affordable living expenses to be found in the entire region.

This asset sale also includes:
- Names
- Websites
- Computers
- Contracts, Certifications & Licenses
- $240,000 worth of inventory as listed above.

The industry standard manner of valuing a retail business is: Yearly Profits X 2.28, which would value this business at over $600,000. The current owner, however, is seeking a quick sale, hence the extremely reasonable asking price here of $399,000!

This is a brilliant opportunity for a buyer(s) to take on a fully established, high quality auto repair & restoration shop located in one of the greatest locations on the planet.

For more information about this business, please contact us on this page.

Property Information

Real Estate:

Lease

Lease Terms:

4.5 yrs left on lease with cheap rent extendable on both buildings
All water, heat, sewer is all included in above price. Hydro extra at $400 monthly.

Leasehold Rent:

$74,640 (CAD) per annum

Location:

Great Hwy Exposure

Premises Details:

There is a 3,600 square foot building with four bays for the Off Road, Restoration, Diesel High Performance, Lifts Kits, detailing, lighting, and Light Body work.
There are two buildings for the Auto Repair Shop, 1,800 square feet and 400 square feet and three bays.

Size in square feet:
3600 square feet plus 2200 square feet

Business Operation

Expansion Potential:

The Auto Repair Shop added a new business back in April 2021 and leased another building in the same parking lot where that shop's focus is on High Performance Diesel, Lift Kits, Restoration & Light Body work. Definite room to put a full paint booth in there to do full body work which other body shops in the area are booked months in advance.

Competition / Market:

There are other Auto Repair Shops in the area and a Tire shop. Both have higher hourly rates and drives us more business. The High Performance Diesel, Lift Kits, Restoration, Light Body work were added this year. The Auto Repair Shop has a great reputation for being a hybrid specialist. Lastly, should mention the Shop has one numerous awards for Best Auto Repair Shop on Vancouver Island and Best Customer service along with great google and facebook ratings. (Over 120 Reviews)

Reasons for selling:

The new owners are interested in selling this business because they want to pursue another lifelong passion and are already doing that.
The Shops are making over $22k profit monthly with almost no advertising.

Trading hours:

Mon-Fri 8:00 am to 4:30pm

Employees:
7
Years established:
5 years

Other Information

Support & training:

30-60 day training to ensure a smooth transition.

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

Possible for a small amount. Owner financing is available. Please contact the seller for more information.

Furniture / Fixtures value:
$220,000 (CAD) - included in the asking price
Inventory / Stock value:
$20,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated.

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