Independent Auto Repair – Real Estate Available

Price: $275,000

Listing ID: 05142101

Are you looking for an amazing opportunity to purchase an auto repair center with annual sales that have grown to $804,000 in 2020, despite the impact of the COVID-19 pandemic? This profitable business generates $160,000 in cash flow, affording an owner/operator an outstanding salary after debt service.  Located in the scenic Downeast coastal area of Hancock County, the Business is well established with nearly 30 years of goodwill, excellent reputation for customer service and a loyal clientele. The Business comes complete with well-maintained equipment for a full service auto repair business, including brakes, lube-oil-filter, engine repair and diagnosis, steering and suspension, starting and charging, heating, and cooling, and tires, wheel balancing and alignment. The prototype shop is 3,200 square feet, with room for storage, plenty of parking, and a customer waiting area. The Seller has made a significant investment in new equipment and building improvements over the past several years.

A full crew of Technicians, Service Manager and Service Advisor 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 Seller wishes to downsize from multiple business operations after eighteen years of operating a successful auto repair center. 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 beautiful seacoast community.

The Asking Price for this profitable Business is $275,000, plus $25,000 in inventory. The Business qualifies for 90% Bank/SBA financing, so a down payment of approximately $30,000 will be required from a qualified Buyer.  A Buyer may choose from securing a long-term lease at $4,250/month, or alternatively an option to purchase the real estate for an additional $375,000. A turnkey purchase of both the Business and the real estate is pre-qualified for 25 year financing, with a monthly payment of only $3,910 to a qualified Buyer.

Listing Details

Total Sales: $804,000

Cash Flow: $160,000

Inventory: $25,000

Real Estate: $375,000

Lender Pre-Qualified?: Yes

Reason For Sale:

Downsizing after 18 years in the Business

Training & Support:

Seller will provide 60 hours of training and extended telephone support to ensure a smooth transition. With Seller training and an experienced crew, no prior automotive background is required.

Operation

Year Established: 1993

Employees: 6

Location

Square Footage: 3200

Facilities Information:

Well-organized 3,200 square foot facility. Fully equipped with the latest technology for a wide range of auto repairs and preventive maintenance services for diverse brands of import and domestic cars and trucks. The Seller has made a significant investment in new equipment and building improvements over the past several years.

Summary

Competition:

Honest, personalized service and consistent positive Internet reviews have enabled the Business to gain new customers while retaining its long-term loyal clientele.

Potential Growth:

Local owner/operator could grow the business by expanding marketing and soliciting local fleet opportunities.

Financing/Terms:

Qualifies for 90% Bank/SBA financing.