Seeking Senior Auto Tech(s) to Succeed Retiring Owner
Business Description
50-Yr old AUTO Repair Business
Senior Auto Tech(s) to Buy-out Retiring Owner, who can train on Shop Ownership
• Two Primo Montgomery County Shops Under Same Roof in 6,000 sq, foot space
• Shared space providing General Auto and European Auto Specialty service
• Accessible: Bethesda, Chevy Chase, Kensington, Silver Spring, NW DC & Metro
• Highly Rated by Washington Consumer Checkbook Magazine (two checkmarks!)
• Senior Tech Owners Can increase Sales by adding mechanics & working hours
• Conveniently located with outstanding parking within close walking distance to
under construction Purple Line Station to Bethesda-Chevy Chase Market
• Same owner Business, with same phone number in same neighborhood for 50-years
• Both shops have own identity with individual Exterior Entry & Retail offices
• Retiring Seller can Train, Support & Finance Qualified Buyer with serious credit
• Supportive landlord for the past 35 years
• 6,000 sq ft shop, w- huge doors accommodating trucks and 17 ft. ceilings
• Seller Financing avail to Qualified Buyer@ Price & Terms to SELL $350,000 + Interest
• Parts, Lifts, etc. + 50-year-old customer list Included in the price of the Business
• Quality work - Good Prices – 5-Day Work Week but hours could be expanded
• Serious Records: Financials, Due Diligence, Non-Binding LOI
• Current economy is encouraging repair, rather than replacing automobiles
• $2,000 Finder’s Fee paid on Successful Sale to your Buyer, Post-Closing, but must be approved with Richard, the exclusive Business Broker prior to Buyer signing the Non-Disclosure Agreement
Senior Auto Tech(s) to Buy-out Retiring Owner, who can train on Shop Ownership
• Two Primo Montgomery County Shops Under Same Roof in 6,000 sq, foot space
• Shared space providing General Auto and European Auto Specialty service
• Accessible: Bethesda, Chevy Chase, Kensington, Silver Spring, NW DC & Metro
• Highly Rated by Washington Consumer Checkbook Magazine (two checkmarks!)
• Senior Tech Owners Can increase Sales by adding mechanics & working hours
• Conveniently located with outstanding parking within close walking distance to
under construction Purple Line Station to Bethesda-Chevy Chase Market
• Same owner Business, with same phone number in same neighborhood for 50-years
• Both shops have own identity with individual Exterior Entry & Retail offices
• Retiring Seller can Train, Support & Finance Qualified Buyer with serious credit
• Supportive landlord for the past 35 years
• 6,000 sq ft shop, w- huge doors accommodating trucks and 17 ft. ceilings
• Seller Financing avail to Qualified Buyer@ Price & Terms to SELL $350,000 + Interest
• Parts, Lifts, etc. + 50-year-old customer list Included in the price of the Business
• Quality work - Good Prices – 5-Day Work Week but hours could be expanded
• Serious Records: Financials, Due Diligence, Non-Binding LOI
• Current economy is encouraging repair, rather than replacing automobiles
• $2,000 Finder’s Fee paid on Successful Sale to your Buyer, Post-Closing, but must be approved with Richard, the exclusive Business Broker prior to Buyer signing the Non-Disclosure Agreement
About the Business
- Years in Operation
- 50
- Employees
- 5 (4 Full-time, 1 Part-time)
Owner & Shop Manager (2 Senior Citizens sharing one position) + 2-Senior Techs, - Facilities & Assets
- Located in the upper middle-class area, convenient to Washington, DC & Montgomery County, MD. Well equipped 6,000 s.f. production facility with high 17’ ceilings in the vehicle repair areas. Business is very well known & highly respected. Comprised of two shops, side-by-side, specializing in luxury European autos and other side works on General Automotive. Outstanding parking, plus own entrance offices & waiting areas. Full description given to qualified buyers upon receipt of Non-Disclosure Agreement + summary of Auto Repair and Management skills.
- Market Outlook / Competition
- This quality Auto Repair business has very limited competition in this booming close-in MD suburb market area. Due to the Business’s quality auto repairs, great customer service, and competitive pricing. It is highly rated by it’s long-term clients, as well as the Washington Consumer Checkbook Magazine. It is surrounded by well-healed communities that drive and take good care of their cars. The business enjoys a high margin, prestigious Specialty Luxury European Auto Niche Market. New niche products can be added to our existing products and services
- Opportunities for Growth
- Prospective buyers will enjoy our Books that match the Tax Returns, and Business Records. We will work with you in Due Diligence via a Non-Binding Letter of Intent to transact the Business Deal with minimum pressure. The new Federal Import Tariffs on New Cars and Parts, plus the price of Used Cars, has forced the consumer to put their money into fixing their current vehicles rather than to spend the additional money to purchase a new car! Our customers love our 50-year business culture of quality work, kept promises and fair pricing of this business.
About the Sale
- Seller Motivation
- Retiring Owner, currently 73, would like to spend more time with family & hobbie
- Transition Support
- Owner will consider to assist/train experienced Auto Mechanic Buyer/s in Management/Administrative skills, provide reasonably priced long-term support, and phase out onsite training as the new owner adjusts. Business Consultant and Broker, Richard, will provide 4-weekly transitional consulting sessions at discounted rates Ehrenreich & Associates Consulting Services.
Listing Info
- ID
- 2427098
- Listing Views
- 12
Listing ID: 2427098 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. See our full Terms of Use. Learn how to avoid scams.
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