Automobile Repair and Machine Shop

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Asking Price:
$340,000

Gross Revenue:
$860,000
Cash Flow:
$111,573
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$140,000
included in asking price

FF&E:
$170,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

The company provides machine shop and repair services for various engine types and sells related parts. Customers include end users, other repair shops, independent do-it-yourself mechanics, automotive dealerships and major corporate accounts. Other auto repair shops and dealerships are customers because they do not have the equipment or expertise to provide the unique repair services offered by the company. Customers are based in SW Georgia, SE Alabama and throughout the Chattahoochee Valley area. Experience in the automotive industry is not required for a new owner as the company can be successfully managed and grown by an experienced business person. The experienced staff will aid in a smooth ownership transition.

Details on the unique service and parts offering of the company are available in the confidential package that will be made available to qualified buyers.

As of 6-30-19, the company is having a record year in Total Revenue and Discretionary Earnings and 2019 could be the best year in the company's history. Total sales are $407,671 and Discretionary Earnings are $80,763. The company's year-end Discretionary Earnings should surpass the original forecast of $111,573.

About the Business

Location:
Muscogee County, Georgia
Year Established:
1946
Number of Employees:
6 FT
Relocatable:
Yes
Facilities:
Home office and sole location is a leased 8,500 sq. ft. standalone building with offices, retail parts area and service department.
Market Outlook/
Competition:
The company enjoys a major competitive advantage because they offer repair services that most repair shops do not offer. The services are unique and demand for the services is strong. Customers served are as far as 50 miles from the home office.
Growth & Expansion:
There is strong growth potential for the company as the current marketing and advertising strategy includes only a website and limited radio advertising. Most new business is the result of word-of-mouth referrals. A more aggressive sales and marketing strategy would grow the business. The company’s unique parts, service and repair offerings, and reputation for top service and high quality repair work could be highlighted in sales and marketing campaigns. The addition of a full-time outside sales representative could acquire significant new accounts and the website could be enhanced to drive part sales and engine sales online. There is also an opportunity to open a new location(s) in the outer reaches of the geography served by the current sole location.
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About the Sale

Reason For Selling:
Owner is retiring.
Training/Support:
Will train for 4 weeks @ $0 cost.
Seller Financing:
$290k down/$50k for 60 mos. @ 5%.

Listing Info

ID:
1545417
Ad Detail Views:
346

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Business Listed by

Greg Younts

Murphy Business & Financial Corporation
License# 333635

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