Auto Repair Shop - Owner's Income of $300,000

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Average Revenues of $1,500,000 per year
Asking Price:
$450,000

Gross Revenue:
$1,428,000
Cash Flow:
$300,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This auto repair shop has enjoyed decades of success in the same location in this affluent community. Being sold for retirement, it presents an opportunity for the buyer to step into a smoothly operating business that has generated an excellent income. The shop has an excellent reputation and active marketing program. It is also a Massachusetts inspection station, servicing about 150 vehicles a month. This is a source of revenues and new customers. Most of the shop’s customers regularly return when in need of services, and many of the company’s customers refer additional business to them.

The business provides maintenance services such as oil changes (drop off or while you wait) and more advanced repairs such as engine and transmission replacements. The shop is in a highly visible and easily accessible location, with a train station nearby. The shop services both foreign and domestic automobiles and has a reputation for providing timely repairs at a fair price.

The business has excellent equipment. It has the latest automotive scanner for diagnosing vehicles as well as the most recent Massachusetts inspection workstation.

The price for the business is $495,000 with assumption of 1 equipment lease totaling $130 per month. The inventory would be additional. It is expected that a qualified buyer can obtain an SBA 7A loan with a 10% down payment.

About the Business

Year Established:
1963
Number of Employees:
6 FT
Facilities:
The business leases about 4,000 SF of space. This includes 6 bays, a customer reception area, and break room. The rent totals approximately $5,950 per month. The property is not for sale.
Growth & Expansion:
The space has the capacity to handle $300,000 to $500,000 more in revenue per year. In order to increase revenues to this level, the business needs an additional technician and additional marketing.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
The seller will provide training and support for a smooth transition
Seller Financing:
A qualified buyer should be able to obtain an SBA 7A loan with 10-20% down payment

Listing Info

ID:
1615059
Ad Detail Views:
0

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Business Listed by

Marc Gudema, CBI

BayState Business Brokers

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U.S. Census Data for Middlesex County, MA
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Source: Decennial Census (2010), United States Census Bureau.

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