Independent Auto Repair
Price: $395,000
Location: Hillsborough County
Listing ID: 10221501
Well Established Auto Repair Facility — 30% Cash Flow Increase!
Pre-qualified for 90% Bank/SBA Financing
Are you looking for an amazing opportunity to purchase an independent auto repair and inspection/emissions center with 2017 sales of $877,000, an increase of 12% over 2016?
This profitable business generated $198,000 in cash flow, an increase of 30%, affording an owner/operator an outstanding salary after debt service.
Located in southern New Hampshire, only a few miles from the Massachusetts border, the Business is well established with AAA certification and A+ rating from the Better Business Bureau.
The Business comes complete with well maintained equipment for a full service auto repair business, including brakes, lube-oil-filter, engine & transmission diagnosis/repair, steering & suspension, starting & charging, heating & cooling, diesel service, hybrid service, and tires, wheel balancing and alignment.
The 5,000+ square foot shop has 6 service bays (6 lifts), with room for storage, parking for 50 cars, and an attrAvailable customer waiting area.
Knowledgeable Technicians with over 60 years of combined experience will support an entrepreneurial new owner who wishes to further grow the business. The Seller will provide training and support during the transition period.
The Business has a long term lease and a renewal option at reasonable rent. The Business qualifies for 90% Bank/SBA financing, so it can be purchased by a qualified buyer with a $45,000 down payment.
The Seller currently owns multiple locations and wishes to downsize and focus his energy on his operations that are closer to his family residence. 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 New England community. The Asking Price is $395,000, plus inventory.
Listing Details
Down Payment: $45,000
Total Sales: $877,000
Cash Flow: $198,000
Lender Pre-Qualified?: Yes
Reason For Sale:
Owner wishes to downsize.
Training & Support:
Seller will provide a minimum of 2 weeks training and additional telephone support to ensure a smooth transition. With Seller training and an experienced crew, no prior automotive background is required.
Location
Square Footage: 5,000+
Facilities Information:
AttrAvailable 5,000+ square foot building with 6 service bays (6 lifts) and storage areas, huge parking lot, and attrAvailable customer waiting area. Fully equipped for a wide range of automotive repairs, preventive maintenance, and tire/alignment service.
Summary
Competition:
Excellent word of mouth advertising has enabled the business to gain new customers while retaining its long term loyal clientele.
Potential Growth:
Local owner /operator could grow the business by increasing number of fleet accounts, expanding advertising, and hiring an additional Technician.
Financing/Terms:
Pre-qualified for 90% Bank/SBA financing for 10 years.