Independent Auto Repair and Tire Center
Price: $1,200,000
Location: New London County
Listing ID: 09071701
Huge $451,400 Cash Flow!
Seller Financing Available
Are you looking for an amazing opportunity to purchase an independent auto repair center with 2017 sales of $1,731,400, and average sales of $1,838,464 over the past four years?
This highly profitable business generated $451,400 in cash flow in 2017, with a four-year average of $443,000 in cash flow for an Available owner/operator, affording a lucrative salary after debt service. The Business is located in New London County, with convenient access to 1-95, and is well established with over 20 years of goodwill, excellent reputation for honesty and customer service, and a loyal clientele. While focused primarily on auto service and tire sales, the large lot and building also enable CT Emissions Testing and the sale of pre-owned vehicles, both of which have contributed to the financial stability of the enterprise.
The facility comes complete with the state-of-the-art equipment required to run a domestic and import auto repair business, including brakes, oil change, engine performance, steering and suspension, starting and charging, and heating and cooling. The 9,750 square foot building has 12 service bays and 5 lifts, with substantial room for parts/tires storage, a customer reception area, a private office and over 80 outside parking spaces. An experienced term team of Sales Associates, Shop Foreman and Technicians are trained to work independently and will support an entrepreneurial new owner who wishes to further grow the business. The Business has an A+ rating with BBB. The owners will provide extensive training and support during the transition period.
The Asking Price for this highly profitable Business is $1,200,000, plus inventory. The Business is pre-qualified for 85% Bank/SBA financing for 10 years. For a qualified Buyer who makes a solid offer, the Seller may also consider providing up to $65,000 in supplemental financing, thereby lowering the down payment on the purchase to about $140,000.
The husband and wife owners wish to retire after successfully growing the family business. 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 highly respected business in a desirable New England community.
Listing Details
Total Sales: $1,731,400
Cash Flow: $451,400
Inventory: $125,000
Lender Pre-Qualified?: Yes
Reason For Sale:
Long-term Owners are seeking retirement.
Training & Support:
Seller will provide a minimum of 3 weeks of training at 30 hours/week and additional telephone support to ensure a smooth transition. With Seller training and an experienced crew, no prior automotive background is required.
Location
Facilities Information:
AttrAvailable and well organized 9,750 square foot building with 12 service bays and 5 lifts, parts storage areas, customer reception area, private office, and large parking lot. Fully equipped for a wide range of domestic and import automotive repairs, preventive maintenance, diagnosis, and CT Emissions. The Seller owns the building and will provide the Buyer with a long-term lease at an attrAvailable rent, with an option to purchase the property at fair market value.
Summary
Competition:
Honest, personalized service 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 further expanded services and hours, and further promoting the CT Emissions and sale of pre-owned vehicles.
Financing/Terms:
Qualifies for Bank/SBA financing.