Tire and Auto Repair Center – Over $1,628,000 in Sales
Price: $675,000
Location: Solano County
Listing ID: 01281901
Are you looking for an amazing opportunity to purchase an independent tire and auto repair center with annual sales that have averaged $1,687,000 over the past four years?
Over this period, this highly profitable business has averaged $255,000 in cash flow for an active owner/operator, affording a lucrative salary after debt service. The Cash Flow grew to $222,800 in 2018. The Business is in one of the fastest growing areas of Solano County, along the I-80 corridor, and well established with 22 years of goodwill, excellent reputation for customer service, wide selection of name brand tires, and a loyal clientele.
The Business comes complete with the state-of-the-art alignment and balancing equipment, along with complete auto repairs, including brakes, oil change, engine performance, Smog Check, steering and suspension, starting and charging, and heating and cooling. The 6,200 square foot building has ten service bays and nine lifts, storage area for tires and parts, a customer reception area, private office, and plenty of outside parking.
Experienced team of Sales Associates and Technicians are trained to work independently and will support an entrepreneurial new owner who wishes to further grow the business. The Business has excellent Internet reviews. The Seller will provide training and support during the transition period.
The Asking Price for this highly profitable Business is $675,000, plus $20,000 in inventory. The Business is pre-qualified for Bank/SBA financing for 10 years.
The owners wish to retire after building a successful business over more than two decades. The Sellers own the building and will provide the Buyer a long-term lease and/or a possible option to purchase the real estate.
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 the community.
Listing Details
Total Sales: $1,628,000
Cash Flow: $222,800
Inventory: $20,000
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. With Seller training and an experienced crew of Sales Associates and Technicians, no prior automotive background is required.
Operation
Year Established: 1996
Employees: 11
Location
Square Footage: 6,200
Facilities Information:
Attractive and well organized 6,200 square foot prototype building with ten service bays and nine lifts, parts/tires storage area, customer reception area, private office, and large parking lot. One of the bays is set up with a heavy duty lift for medium commercial vehicles and motor homes. Fully equipped for a wide range of automotive repairs, preventive maintenance and diagnosis. The Sellers own the building and will provide the Buyer a long-term lease and/or a possible option to purchase the real estate.
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 expanding hours, service offerings, and soliciting fleet business. Tremendous growth of residential and commercial development in Solano County is projected for the next ten years.
Financing/Terms:
Qualifies for Bank/SBA financing.