MergerPlace

Automotive Service Equipment

Massachusetts (Norfolk)


  • Asking Price: $589,000
  • Gross Income: $1,900,000
  • Cash Flow: $219,000
  • Real Estate: Not Disclosed
  • Inventory: $100,000
  • FF&E: $75,000
  • Listing ID: #211528
  • Established: 1986
  • Employees: 3 FT

Business Description

The Company is primarily a seller, installer and servicer of equipment used by car dealers, auto repair shops and any company that services their own fleet of vehicles and individuals who service their own vehicles. They represent top manufacturers in the industry, some of whom they have exclusive and semi exclusive arrangements. The Company sells tire changers, car lifts, wheel balancers, alignment machines and other automotive service related equipment. Their gross margin is in the 30-35% range. Seasoned installers/service technicians. Clients are about 70% from MA, 15% CT, 10% RI and 5% other New England states. This well established Company (over 30 years) provides stellar customer service with most customers being repeaters or referrals. Other than their web site, they do no marketing to get new customers. Business includes 2 vehicles with cranes. Seller will train a qualified buyer. Perfect for an owner operator with sales and marketing skills. Company has revenues of approx. $1.9 Million with an owner operated cash flow in excess of $200k. Price includes $100k in inventory.


Business Details

Primary Business Category: Retail Trade - Motor Vehicle & Parts
Location: Massachusetts
County: Norfolk

Company Information

Year Established: 1986
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 FT

Financial Information

Asking Price: $589,000
Gross Revenue: $1,900,000
Cash Flow: $219,000
FF&E: $75,000
Inventory: $100,000
Seller Financing Available: Yes

Property Information

Facilities:

Free standing building with parking in a mixed residential/industrial area Space is 3,120 sq. ft including an office area and warehouse space for the inventory and vehicles. The real estate is owned by the Seller, who will consider a purchase of the real estate, which also includes a house next to the facility. The proposed rent for the facility would be $3,500/mo. Gross lease.

Growth & expansion opportunities:

Install for manufacturers National Accounts Broader category offerings Proactive marketing for new customers Offer service on lifts not sold by the Company Expand website Consider hiring a sales person

Competition:

While there is a fair amount of competition for these products, the Company sells a very good quality product and offers delivery and installation of their equipment, which is many times not the case with competitors. They also have an excellent reputation for customer service, based on the quality of their installers/service technicians and the attitude of the Company to satisfy their customers.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ $0 cost. Car lifts, Wheel balancers, tire changers and other equipment used in auto repair facilities. No special licenses needed to run the business. The Seller is the sales person, so it would be very beneficial for the Buyer to have sales and marketing skills.

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Business Listed By:

Ira Rashap

Murphy Business Brokers