MergerPlace

Full Service Auto Repair Shop

Florida (Broward)


  • Asking Price: $389,000
  • Gross Income: $538,916
  • Cash Flow: $142,576
  • Real Estate: Not Disclosed
  • Inventory: $1,500
  • FF&E: $40,000
  • Listing ID: #217390
  • Established: 1989
  • Employees: 3 FT

Business Description

Successful auto mechanic shop established 25 years ago. Solid data base of recurrent clientele. The owner moved out of state and it has been running it absentee for the last 2 years. The business has a great reputation and is located in a high traffic street with an average daily traffic of 61,500 cars. The services provided are: routine maintenance, transmissions, brakes and air conditioning. Great staff in place. Owner will help buyer into a successful transition. Numbers are presented assuming owner operator.


Business Details

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

Company Information

Year Established: 1989
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT

Financial Information

Asking Price: $389,000
Gross Revenue: $538,916
Cash Flow: $142,576
FF&E: $40,000
Inventory: $1,500
Seller Financing Available: No

Property Information

Facilities:

The business has been in the same location for 30 years. Average daily traffic is 61,500 cars. The business has 8 lifts in 3,000 sq ft. The rent is $8,623, the lease expires in 10/2019 and there is 1 x 5 year option to renew.

Growth & expansion opportunities:

The owner has been absentee for the last two years as he moved out of state. A dedicated owner with new ideas and implementing a marketing campaign should help the business grow.

Competition:

This shop has 25 years in the market, it has a great reputation and known to be experts in Japanese cars. They are known for their quality of service.

Reason for selling:

Owner moved out of state.

Support & Training:

Will train for 2 weeks @ no cost The services provided are: routine maintenance, transmissions, brakes and air conditioning. The owner has a ASE-certified MASTER technician.

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Business Listed By:

Andy Fischer

Murphy Business Brokers