MergerPlace

SE Virginia Auto Repair, Tire, &

Virginia


  • Asking Price: $1,448,000
  • Gross Income: $1,298,332
  • Cash Flow: $235,212
  • Real Estate: $799,000
  • Inventory: $136,108
  • FF&E: $328,052
  • Listing ID: #226317
  • Established: 1985
  • Employees: 7 FT/1 PT

Business Description

Diversified, Successful, Long Standing Auto/Equipment Repair, Tire, and Fabrication Business For Immediate Sale -- "Make Money on Day 1"-

This established 36 year old business is a "one-stop shop" for all auto/equipment repairs, tires repair and sales, metal fabrication, and direct steel sales. The success formula is pretty simple: Offer Honest, Transparent Pricing and Deliver Superior Customer Service. By delivering those two attributes, the business has attracted, a large, loyal, and satisfied clientele.

The current business mix is predominately commercially oriented in nature with a mix of 60% business and 40% personal use customers with auto/tire making up 75% of overall revenue. There is a broad service menu which provides for a diversified, steady year-round cash flow. Work orders can include:

1) General Automotive Repair -- transmissions, brakes, alignment
2) Equipment Repair -- heavy equipment parts and service ... forklifts, back-hoe, trenchers
3) Tire Repair -- around the wheel ... brakes, tires, rotors, balancing
4) Tire Sales -- retail and wholesale tire sales
5) Fabrication -- build/repair for filtration and sediment boxes, drains, grates, frames
6) Steel Sales -- direct sale of steel rods and sheets and other metal products

The present owner started this business from scratch in 1985 and has built a consistently profitable $1.2M revenue operation -- this business has time-tested proven results -- in tough times and good times -- including strong performance in the 2020 global pandemic. That's the good news. The even better news is there is plenty of upside growth with all the success ingredients already in place -- facility, equipment, inventory, customer base, supply base, and professional, trained technicians. This business and real estate is market-priced to sell quickly and will enable an excellent return on investment for the motivated buyer.


Business Details

Primary Business Category: Services - Other Services
Location: Virginia

Company Information

Year Established: 1985
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7 FT/1 PT

Financial Information

Asking Price: $1,448,000
Gross Revenue: $1,298,332
Cash Flow: $235,212
FF&E: $328,052
Inventory: $136,108
Real Estate: $799,000
Seller Financing Available: No

Property Information

Facilities:

The business is situated in an excellent location ... on a growing, popular traffic corridor ... in a fully-subscribed industrial business park ... and near major highways and USA interstates. The location draws from a wide, broad, and populated geographic base because it is conveniently accessed by both commercial and personal-use customers. The building features 8,000 square footage (including 7 generous service bays) of space on a 1 acre land plot. There is plenty of customer parking and service lot storage and the favorable "General Industrial" zoning classification makes the property an excellent long-term investment with a wide variety of potential uses.

Growth & expansion opportunities:

As consistently profitable as this business is today, there are some very clear avenues to enhance revenue and improve profitability: 1) Addition of Saturday service hours 2) Launch of an aggressive marketing program to attract new customers 3) Recruiting, hiring, and training of new technicians 4) The addition of new services -- paint shop, truck modification shop, audio, security products

Competition:

The diversified service offering of this business provides for a unique, differentiated competitive positioning. There are a number of competitive auto repair shops, tire and wheel stores, auto parts stores, and heavy equipment specialists within a 25 mile radius of this business ... but none of these competitors offer the "one stop shop" full range of service choice of this business ... those attributes in combination with transparent, honest pricing and superior customer service delivery has enabled a loyal, repeat, and satisfied owner body (for both commercial and personal use clients).

Reason for selling:

Owner is retiring after 36 years in the business.

Support & Training:

Offered services include: 1) General Automotive Repair -- transmissions, brakes, alignment 2) Equipment Repair -- heavy equipment parts and service ... forklifts, back-hoe, trenchers 3) Tire Repair -- around the wheel ... brakes, tires, rotors, balancing 4) Tire Sales -- retail and wholesale tire sales 5) Fabrication -- build/repair for filtration and sediment boxes, drains, grates, frames 6) Steel Sales -- direct sale of steel rods and sheets and other metal products All applicable state and county licenses are in place and in good order.

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Business Listed By:

Hal Feder

Murphy Business Brokers