MergerPlace

Red-Carpet Auto Service Center

Florida (Broward)


  • Asking Price: $750,000
  • Gross Income: $1,032,249
  • Cash Flow: $315,355
  • Real Estate: Not Disclosed
  • Inventory: $1,700
  • FF&E: $83,000
  • Listing ID: #206940
  • Established: 1991
  • Employees: 5 FT

Business Description

Those looking for an auto repair shop - short of buying a factory -authorized dealership with a service department, should stop right here. Everything about this automotive repair store smells, feels, sounds and runs like a dealership but at a fraction of the dealer's cost. Established over 27 years, this auto service specializes in all makes and models. They perform everything that a car requires, with the exception of paint, body work and upholstery. That includes everything from a simple oil change to complex transmission, engine and electrical work. Approximately $63K in tire sales and growing. Their prices are fair and the customer satisfaction very high. The trifecta of price, product and service is at full display in this automotive store. The owner is retiring and this is the perfect opportunity for someone with mechanical and car service background to jump in. Whether you are a similar business that wants to diversify your holdings, a mechanic or service advisor that is tired of working for others - you owe it to yourself to look at this great business. Seller will hold a small note for a qualified buyer! May qualify for VISA! This one won't last!
This automotive store that specializes in servicing American, Japanese and European makes and models has been in continuous operation for over 25 years. It has one of the highest customer satisfaction ratings in the industry and a very fair pricing structure. Their mechanics are ASE certified master technicians and will perform any auto repair with the exception of paint, body work or upholstery. Even for these three services they will refer you to people they trust and respect. This business will be easily transferable to a person or entity with experience in the automotive industry. The owner is retiring and he is willing to stay on for a smooth transition. The business has tremendous cash flow and may be finance-able to someone who is qualified. Seller is willing to hold a small note to such buyer.


Business Details

Primary Business Category: Retail Trade - Motor Vehicle & Parts
Location: Florida
County: Broward

Company Information

Year Established: 1991
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5 FT

Financial Information

Asking Price: $750,000
Gross Revenue: $1,032,249
Cash Flow: $315,355
FF&E: $83,000
Inventory: $1,700
Seller Financing Available: Yes

Property Information

Facilities:

This great automotive store is on a major roadway in Broward County near Interstate 95. It occupies 3500 sq ft of a commercial building with 7 bays and 14 parking spots. The facility has a customer waiting area, bathrooms and several office spaces. Easy access to the highway, longevity in the business and the sense of duty and loyalty make this automotive store extremely desirable to the customers, employees and even the towing trucks bringing business.

Growth & expansion opportunities:

An ambitious new owner that maintains the excellence in customer service but also utilizes new marketing techniques like e-mailing to the existing database of customers, providing specials in social media or sending direct mail postcards to the high density area surrounding the store can grow this business tremendously. This store does great numbers Monday-Friday. If new owner opens on Saturdays, the sales may go through the roof.

Competition:

There are many auto repair shops in town but you will be hard pressed to find one that has the longevity, customer satisfaction and the fair pricing structure of this one. That is why customers come back in droves and leave satisfied. Their social media reviews are amazing and a new owner has a strong base from which to catapult higher.

Reason for selling:

Retirement.

Support & Training:

Will train for 3 weeks @ no cost. This automotive store employs several ASE Certified master technicians and two service advisors, one of which is the owner. They service domestic as well as American, Japanese and European makes and models. Oil changes, computer diagnostics, tune-ups, brakes, AC service, timing belts and complete auto repairs are just some of the services in the menu.

Contact Business Seller

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Business Listed By:

Anton Joro

Murphy Business Brokers