MergerPlace

Automotive Specialty Repair

Florida (Broward)


  • Asking Price: $399,000
  • Gross Income: $538,657
  • Cash Flow: $95,360
  • Real Estate: Not Disclosed
  • Inventory: $20,000
  • FF&E: $275,000
  • Listing ID: #206586
  • Established: 1988
  • Employees: 5 FT / 1 PT

Business Description

This business is a well established operation (30 years) located in Fort Lauderdale, Florida. The business specializes in the rebuilding, repairing and servicing of cylinder heads for Auto, Truck, Motorcycle and Marine engines. The company services Broward, Dade and Palm Beach Counties. It is known for impeccable quality of workmanship and excellent service. There is free business ‘pick up and delivery” service available and also next-day service available for emergency rush jobs. Customers include Auto Dealerships, Local Auto Repair Shops which are the majority of the clientele serviced and “walk-ins” are welcomed.

Seller’s role is that of “General Manager” and overseer of quality control. There are 4 highly skilled techs which operate as follows:

2- Assembly , 1- Main Machinist, 1- Machine Operator. There is also 1- Driver that handles pick up and delivery. There is one Admin person, seller’s wife, that is open to staying on board with the company. The staff is well trained and know how to get the work done right “the first time”.

The business is fully stocked with the latest technological equipment for this operation. All equipment is paid for and included in the sale. Bank financing available for qualified individual. Incredible opportunity to increase sales by promoting via internet and selling inventory via websites, etc. This activity is not done currently. Sellers own the building and facility. Market terms and conditions will be negotiated for new owner to remain at the facility. Seller will work with new owner on transition plan. Retirement motivates sale.


Business Details

Primary Business Category: Services - Other Services
Location: Florida
County: Broward

Company Information

Year Established: 1988
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FT / 1 PT

Financial Information

Asking Price: $399,000
Gross Revenue: $538,657
Cash Flow: $95,360
FF&E: $275,000
Inventory: $20,000
Seller Financing Available: Yes

Property Information

Facilities:

Stand Alone building in the middle of Fort Lauderdale. Approx. 2600 square feet divided into three main areas - Operation, Inventory / Warehouse, Office. Seller owns property and will lease for $3,500 per month, terms TBD.

Growth & expansion opportunities:

Marketing opportunities abound! There is no marketing done for any sales of any type, no web presence or sales. Basic one page website is all there is. Marketing to all dealerships in the county and all local auto garages, used cars venues, etc, would increase volume. Sales of finished items in inventory via web would also bring benefits.

Competition:

There is limited competition in the area. There are others, but it is limited to further north or further south. The business captures most of the local market dealerships, local garages and walk-ins.

Reason for selling:

Retirement motivates sale.

Support & Training:

Will train for 4 weeks @ no cost Management of employees, mechanical knowledge and or aptitude recommended. No special license outside of business license required.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Edwin Pena

Murphy Business Brokers