MergerPlace

Auto Repair Center

Minnesota


  • Asking Price: $770,000
  • Gross Income: $357,068
  • Cash Flow: $128,218
  • Real Estate: $570,000
  • Inventory: Not Disclosed
  • FF&E: $47,490
  • Listing ID: #215351
  • Established: 1991
  • Employees: 2 FT / 1 PT

Business Description

Complete auto repair center servicing both foreign and domestic vehicles. Established business has served community for over 25 years. Known for great service and quality, shop has posted consistent 5 star Google reviews.

Also available is current U-Haul contract, which adds additional revenue with rentals and customer retention.


Business Details

Primary Business Category: Retail Trade - Motor Vehicle & Parts
Location: Minnesota

Company Information

Year Established: 1991
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 1 PT

Financial Information

Asking Price: $770,000
Gross Revenue: $357,068
Cash Flow: $128,218
FF&E: $47,490
Real Estate: $570,000
Seller Financing Available: No

Property Information

Facilities:

Business is located 20-25 minutes NE of the Twin Cities and operates out of a 6768 sq ft building with 10 available bays with 8 vehicle lifts. Drive through shop with two automatic garage doors allows for easy access in and out of building while conserving energy. In floor heat evenly warms shop for comfortable work environment. Floor plan includes 3 offices, 2 baths, customer waiting area, employee break room and parts/storage room all very clean and well maintained. Plenty of parking for customers vehicles. Building has additional 2400 sq.ft. of leased space behind shop generating an additional $21,000 of rental income that is included in Owner Benefit. Building has a total of 9168 sq.ft.

Growth & expansion opportunities:

This automotive shop has shown consistent year after year revenue growth of over 14% from 2016, 2017 and 2018. Increased local marketing and added staff should help to continue revenue growth.

Competition:

Normal level of competition with a few other shops in town.

Reason for selling:

Owner is retiring.

Support & Training:

Will train for 2 weeks @ no cost. No license is required.

Contact Business Seller

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Business Listed By:

Dennis Knapp

Murphy Business Brokers