MergerPlace

20 + Year Northern Kentucky Auto Repair

Covington, Kentucky (Kenton)


  • Asking Price: $340,000
  • Gross Income: $673,000
  • Cash Flow: $139,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $10,000
  • Listing ID: #203130
  • Established: 1996
  • Employees: 4

Business Description

This is a well – established and well known independent auto specialty service business with 5 year management and highly trained and experienced technicians in place. This business operates out of a 5,000 square foot clean and well – maintained leased facility with 7 lifts and 7 garage doors. Potential growth can be achieved by expanding service offerings to brakes, tune – ups, quick lube, etc. This business is offered as an asset purchase free and clear of debt. Other highlights include:

SBA loan qualified
No nights or holidays
Clean books & records
Includes all equipment
Room to install another lift
Recession resistant business
Quotation software included
Commercial accounts included
Opportunity to expand service offerings


Business Details

Primary Business Category: Retail Trade - Motor Vehicle & Parts
Location: Kentucky
Metropolitan Area: Covington
County: Kenton

Company Information

Year Established: 1996
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4

Financial Information

Asking Price: $340,000
Gross Revenue: $673,000
Cash Flow: $139,000
FF&E: $10,000
Seller Financing Available: No

Property Information

Facilities:

The seller owns the property and would prefer to lease the property to the buyer. This is a 5,000 square foot facility that is well maintained with 7 lifts and 7 garage doors.

Growth & expansion opportunities:

This is currently a “specialty” repair center. Expanding services to include other auto repair services will certainly mean more sales and profits.

Competition:

There is certainly competition in the auto repair industry, but their 20+ year history of success attracts a lot of “word of mouth” referrals.

Reason for selling:

Retirement

Support & Training:

The seller will stay on as long as necessary to ensure the comfort level of the buyer.

Contact Business Seller

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Business Listed By:

Dan Long

Cincinnati Business Brokers