MergerPlace

Highly Profitable Auto Repair Shop

Michigan


  • Asking Price: $650,000
  • Gross Income: $907,134
  • Cash Flow: $249,563
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $450,000
  • Listing ID: #226064
  • Established: 2002
  • Employees: 5

Business Description

The Company is an auto repair shop located in Northern Michigan. The company was founded in 2002. The company currently operates with a 6 person staff, with the owner being semi-absentee. The Company offers full-service auto repair, alignments, tire sales, salvage auto parts, 24-hour towing, and computer balancing. They also are a used car dealer and purchase salvaged vehicles.

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Business Details

Primary Business Category: Services - Other Services
Location: Michigan

Company Information

Year Established: 2002
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5

Financial Information

Asking Price: $650,000
Gross Revenue: $907,134
Cash Flow: $249,563
FF&E: $450,000
Seller Financing Available: Yes

Property Information

Facilities:

18,000 square foot facility being sold with the business. Market value = $450,000 (not included in asking price).

Growth & expansion opportunities:

(1) Towing: While towing is a service that the company does currently offer, it is poised for more growth. The company has not done any towing based advertisement and could benefit from more paying customers realizing that this was one of the services that they offer. A new owner could develop a simple marketing scheme to accomplish this and expand this sector of their revenue drastically. (2) Auto Salvage Parts: Auto salvage parts are an essential piece of many auto shop because they require little to no labor, and they build great, lasting relationships with customers. Working this into the revenue stream more would be fantastic for the company. (3) Auto Sales: Auto sales are something the company certainly has upward potential on. With an extremely large amount of space to store these cars, the transition into pushing this service more would be easy.

Competition:

Investment Highlights Include: (1) The Location: The company is located in a rather isolated part of Michigan. However, this has become one of the strongest selling points for the company. When auto repair shops struggle, its usually because of the heavy amount of local competition that they face. However, the Business does not have another repair shop located near them for over 20 to 30 miles. This allows the Company to retain essentially 100% of all local business. (2) Great Reputation: In the auto repair world, reputation and trust is everything. The Company has done a fantastic job building trust with their customers.

Reason for selling:

Other business opportunities.

Support & Training:

Ownership is willing to provide reasonable and customary transition assistance.

Contact Business Seller

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Business Listed By:

Max Friar

Calder Capital, LLC