Automotive Repair Shop on Main Highway

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High traffic count and visibility!
Asking Price:
$387,500

Gross Revenue:
$205,322
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$9,712
included in asking price

FF&E:
$147,670
included in asking price

Real Estate:
$235,000
included in asking price

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Business Description

This location has been a small business in the same family for 3 generations! 2016 marked a turning point and new equipment was brought in.

Revenue in 2017 was $155,000 +/- and increased to $205,000 in 2019. A considerable growth area! A dealership license is currently held by the business and the area of the parking lot more than supports expansion of that side of the business. The active owner is focused on automotive repair and classic cars.

Large triangular shaped lot that abuts a gas station to the East and park to the West/South. Wide frontage of Highway 33 with high car count/traffic count for exposure.

This business is located right off of a main interstate and another highway, the car count/traffic count is fantastic! Owner is changing industries and downsizing his automotive businesses (other shops are available in other cities from his portfolio).

In 2016 there was an extensive remodel of the exterior, new roofing done on the majority of the building (sections done last year, then previously in 2016, and 2010). New windows, siding, over head and main entry doors. Fully renovated waiting area with fireplace and handicap accessible restroom. Full tile flooring in waiting area and restroom. Beautiful computer bar/customer work area and two lounge chairs facing fireplace. New water heater was installed early 2019. Insulation was added throughout the building. Infrared and forced air blended heating for the building. Lots of updates were done in the shop area as well to include two new BendPak lifts, new tire machines, new A/C equipment, new air exchanger, and lots of other renovations and updates/repairs done. Also, scissor style Hunter Alignment Rack included in purchase price (was $11,000 new!), currently several years old, but in great working shape)

About the Business

Year Established:
2008
Number of Employees:
2
Website:
kastenauto.com
Market Outlook/
Competition:
2 other automotive shops in a 5 mile radius. Area is developing and will need continuing service.
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About the Sale

Reason For Selling:
Moving out of the automotive industry.
Seller Financing:
Seller financing of business portion is an option. Real estate financing would be an option after business paid off. Terms, conditions, rates, and other items would need to be discussed. Options are available. Option to purchase just business, finance the purchase, rent the property, there are several options available that could be discussed. It isn't necessary to purchase the real estate.

Listing Info

Keywords:
Garage, automotive repair, tire shop, a/c service, car and truck maintenance center.
ID:
1443495
Ad Detail Views:
0

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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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