Location: Madison County
Listing ID: 08112301
Every once in a while, a truly rare opportunity becomes available for sale to a qualified Buyer who is seeking an auto service business with exceptionally high sales and profits. This high-end, Madison County independent import and domestic auto repair specialist exceeds new car dealer standards for customer service, facilities, and 5.0 star Yelp reviews. The Business achieved remarkable financial results last year, reaching $2,386,000 in sales in 2023. The Business generated an excellent Cash Flow of $532,000 in 2023, affording an active owner/operator an outstanding salary after debt service.
The Business is well established with over thirty years of goodwill, fantastic Internet reviews, and a loyal clientele. Located in a desirable community in the Indianapolis metro area, the Business has built an excellent reputation for providing cost-effective, personalized service as an alternative to the expensive car dealerships and chain operations. The large, 10,000 square foot eleven-bay air conditioned shop comes complete with the state-of-the-art equipment required to run a first class auto repair and tire center, including diagnostics, engine performance, brakes, tires, oil change, steering and suspension, starting and charging, hybrid service, and heating and cooling.
Experienced, highly trained Service Advisors and ASE Certified Technicians will support an entrepreneurial new owner who wishes to further grow the Business. The Seller works part time, with a full staff of highly motivated employees who handle all aspects of day-to-day operations. The Business also benefits from a AAA Hoosier Motor Club approval, A+ Better Business Bureau rating and nationwide warranty program. The Seller will provide extensive training and support during the transition period to ensure the success of the Buyer.
With a great reputation for quality, convenience and trusted service, this Business offers a Buyer a unique opportunity to control your own destiny and realize your dreams of owning a respected business in a desirable Madison County community.
The Asking Price for this hugely successful Business is $1,655,000, plus $20,000 in inventory. The Business qualifies for 90% Bank/SBA financing, so a down payment of approximately $180,000 will be required from a qualified Buyer. The Buyer will be offered a long-term lease with renewal options. Alternatively, the Buyer can purchase the real estate, which benefits from additional rental income, for $2,700,000.
Total Sales: $2,386,000
Cash Flow: $532,000
Lender Pre-Qualified?: Yes
Reason For Sale:
Training & Support:
Seller will provide a minimum of 2 weeks of training at 30 hours/week and additional three months of telephone support to ensure a smooth transition. With Seller training and an experienced crew, no prior automotive background is required.
Year Established: 1993
Lease Option: Lease or Purchase
Square Footage: 10,000
Immaculate 10,000 square foot facility with eleven bays/nine lifts, including alignment. Fully equipped with the latest technology for a wide range of auto repairs, diagnostics, and preventive maintenance services for diverse brands of import and domestic cars and trucks.
Honest, personalized service and consistent five-star Internet reviews have enabled the Business to gain new customers while retaining its long-term loyal clientele.
Local owner/operator could grow the business by expanding hours, increasing staff, and pursuing fleet business.
Qualifies for 90% Bank/SBA financing.