Location: Baltimore County
Listing ID: 01141901
Are you looking for an amazing opportunity to purchase an independent auto repair center with annual sales that have averaged over $1,600,000 for the past three years?
This highly profitable business produces $330,000 in cash flow, affording an active owner/operator an excellent salary after debt service.
The Business is well established with over 40 years of goodwill, award-winning reputation for customer service and a loyal clientele. Maryland State Inspection License keeps customers returning on a regular basis and leads to additional repairs and maintenance.
The Business comes complete with the state-of-the-art equipment required to run a high-end import auto repair business, including brakes, oil change, engine performance, steering and suspension, tires, starting and charging, and heating and cooling.
The 6,000+ square feet of building space includes eight service bays (seven lifts) and an alignment rack, room for parts storage, a customer reception area, and plenty of parking for customers and potential pre-owned vehicle sales.
Experienced, long term employees will support an entrepreneurial new owner who wishes to further grow the business. The Seller will provide extensive training and support during the transition period.
The Business is located in one of the most desirable neighborhoods in Baltimore, with a stable residential population of upper income professionals who take pride in maintaining their high-end European and Japanese vehicles. The building has great visibility on a main road that is convenient to Interstate 83, and many customers take advantage of the free shuttle to nearby trains to downtown Baltimore.
The Asking Price for this profitable Business is $890,000, plus $26,000 in inventory. The Seller also owns the real estate and will lease the facilities or offer an option to purchase the property. The Business, and potentially the real estate purchase, is pre-qualified for 90% Bank/SBA financing.
The Seller is motivated to retire after building a successful business over four decades. 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 an affluent community.
Total Sales: $1,572,000
Cash Flow: $330,000
Lender Pre-Qualified?: Yes
Reason For Sale:
Long term Owner wishes to retire.
Training & Support:
Seller will provide a minimum of 2-weeks of training at 30 hours/week and additional telephone support to ensure a smooth transition. The Seller will also consider staying on for a Buyer during an extended transition period. With Seller training and an experienced crew, no prior automotive background is required.
Year Established: 1978
Square Footage: 6,000+
Well organized 6,000+ square feet facilities with eight service bays (seven lifts), alignment rack, parts storage and customer reception area. Lots of parking for customers and potential pre-owned vehicle sales. Fully equipped with the latest technology for a wide range of import and domestic automotive repairs, diagnostics and preventive maintenance. Long term lease and option to purchase the real estate.
Honest, personalized service has enabled the business to gain new customers while retaining its long term loyal clientele. Over 1,000 Five-Star Internet reviews give the Business a competitive advantage.
Local owner/operator could grow the business with Saturday hours, fleet business, and pre-owned vehicle sales.
Pre-qualified for 90% Bank/SBA financing.