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Premier, Highly Profitable Auto Transmission and General Repair Business Poised for Rapid Growth
| Asking Price: | $340,000 | Inventory: | $10,000 ++ |
| Gross Revenue: | $697,000 (comments below) | Real Estate: | n/a ** |
| Cash Flow: | $147,000 (comments below) | FF&E: | $65,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2009 | |||
| Cash Flow Comments: 2009 is forecast slightly higher in revenue, but $60,000 higher in cash flow | |||
This auto and light truck service and repair company specializes in transmissions and has been in this geographical area since 1977. They have an excellent reputation for quality work and customer service. Their location is in an area of many townships with some major corporations and residential areas. They have loyal customers, some under contract including townships, police departments, and construction companies. The location has easy access to the Garden State Parkway, New Jersey Turnpike and Route 287. The building was built for this business by the seller who will lease it to the buyer. The business provides complete rebuilding and repair of transmissions, and also provides full service air conditing repairs and service as well as general auto and light truck repair and service. The owner is experienced in diagnosing problems and the experienced technicians have been with the company for many years. The owner is willing to stay with the business for a number of months to train a new owner on diagnosing transmission problems. For the past two years the owner has had a second service manager to allow him to work less time. That manager just retired and will not be replaced, thus lowering ongoing costs by about $60,000 per year. This is reflected in the 2009 estimated cash flow.
About the Business
Year Established:1977
Employees:4 full time - 0 part time
Facilities:Business is located in the seller's 4350 sq ft building designed and built for this business. It includes 8 above ground lifts, a service and repair workshop, and an office and customer waiting area on the ground floor plus a 1200 sq. ft. loft for parts or workspace.
Market Outlook and Competition:The company is known for its quality work and has a excellent long term reputation as shown by long term government and business relationships and contracts. They have expanded into general auto repair and service and also air conditioning service and repair. This can be expanded. There is limited competition in the area.
About the Sale
Management Training and Support:Owner will remain with the business as negotiated to provide diagnostics help and training. A few months at no cost, thereafter negotiated.
Reason For Selling:Owner is retiring
Seller Financing:$100,000 at closing and seller will provide financing for $240,000 for three years at 6% interest
KEYWORDS: automobile repairs and service, transmissions, air conditioning, full repair and service, truck repair and service
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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