Tire and Auto Service Center – Over $2,200,000 Sales

Price: $1,190,000

Location: Montgomery County

Listing ID: 06132302

Are you looking for an amazing opportunity to purchase an independent tire and auto service center with 2022 sales of $2,200,000, and generating a huge $396,000 in Cash Flow, affording an active owner/operator a lucrative salary after bank payments?

With 4.7 star Google reviews, this high-volume auto center is well established with forty years of goodwill, name recognition, and a loyal clientele. Located in an affluent Montgomery County community in the suburban Washington DC metro area, the Business has built an excellent reputation for providing cost-effective, personalized service as an alternative to the national tire chains and expensive car dealerships.

The spacious 7,170 square foot 9-bay shop comes complete with multiple alignment systems, tire changers and balancing equipment to install dozens of tires each day. As a one stop shop for all of a customer’s auto repair needs, the Business includes state-of-the-art equipment required to run a full service center, including diagnostics, engine performance, brakes, oil change, steering and suspension, starting and charging, hybrid service, and heating and cooling. Unlike most auto service centers on small lots, the Business benefits from providing parking for over 45 vehicles.

Experienced, highly trained Service Advisors and Technicians will support an entrepreneurial new owner who wishes to further grow the Business. The Seller works part time, with a full staff of highly motivated employees who handle all aspects of day-to-day operations. The Seller will provide extensive training and support during the transition period to ensure the success of the Buyer.

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 Montgomery County community.

The Asking Price for this highly profitable Business is $1,190,000, plus $10,000 in inventory. The Business qualifies for 90% Bank/SBA financing, so a down payment of approximately $125,000 will be required from a qualified Buyer. The Buyer will assume a long-term lease with renewal options.

 

 

Listing Details

Total Sales: $2,200,000

Cash Flow: $396,000

Inventory: $10,000

Lender Pre-Qualified?: Yes

Reason For Sale:

Downsizing and Retirement.

Training & Support:

Seller will provide a minimum of 2 weeks of training at 30 hours/week and additional three months of telephone support to ensure a smooth transition. With Seller training and an experienced crew, no prior automotive background is required.

Operation

Year Established: 1983

Employees: 10

Location

Square Footage: 7,170

Facilities Information:

Expansive 7,170 square foot building with nine bays/nine lifts, including three alignment racks. Fully equipped with the latest technology for a wide range of auto repairs, diagnostics, and preventive maintenance services for diverse brands of import and domestic cars and trucks.

Summary

Historical Summary:

Are you looking for an amazing opportunity to purchase an independent tire and auto service center with 2022 sales of $2,200,000, and generating a huge $396,000 in Cash Flow, affording an active owner/operator a lucrative salary after bank payments?

With 4.7 star Google reviews, this high-volume auto center is well established with forty years of goodwill, name recognition, and a loyal clientele. Located in an affluent Montgomery County community in the suburban Washington DC metro area, the Business has built an excellent reputation for providing cost-effective, personalized service as an alternative to the national tire chains and expensive car dealerships.

The spacious 7,170 square foot 9-bay shop comes complete with multiple alignment systems, tire changers and balancing equipment to install dozens of tires each day. As a one stop shop for all of a customer’s auto repair needs, the Business includes state-of-the-art equipment required to run a full service center, including diagnostics, engine performance, brakes, oil change, steering and suspension, starting and charging, hybrid service, and heating and cooling. Unlike most auto service centers on small lots, the Business benefits from providing parking for over 45 vehicles.

Experienced, highly trained Service Advisors and Technicians will support an entrepreneurial new owner who wishes to further grow the Business. The Seller works part time, with a full staff of highly motivated employees who handle all aspects of day-to-day operations. The Seller will provide extensive training and support during the transition period to ensure the success of the Buyer.

The Asking Price for this highly profitable Business is $1,190,000, plus $10,000 in inventory. The Business qualifies for 90% Bank/SBA financing, so a down payment of approximately $125,000 will be required from a qualified Buyer. The Buyer will assume a long-term lease with renewal options.

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 Montgomery County community.


 

 

Owner Qualifications:

 

 

 

Competition:

Honest, personalized service and consistent 4.7 average Google 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 increasing the below market shop hourly rate, expanding hours, increasing staff, and pursuing fleet business.

 

 

Financing/Terms:

Qualifies for 90% Bank/SBA financing.