2020 Revenue up 28%, SDE up 26%! Well-established, growing, profitable transmission shop in Charlotte – one of NC's most desirable and growing cities. The Company offers full-service transmission repairs, including rebuilds, in its fully equipped, 9-bay facility. This turnkey operation is an excellent opportunity for a new buyer to step into a growing and positive cash flow operation, or for an existing transmission repair company to expand in the Charlotte market.
The financials include a $76,000 annual rent charge. With the real estate purchase, the discretionary earnings (SDE) available to the buyer will be $282,000.
Note - Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 6-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (usually 3-3.75% of the guaranteed amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.
Standalone auto repair shop with 9-bays. Approximately 6,080 square feet on an approximately 0.56 acre parcel. Available for sale for $895,000. Seller prefers to sell the Real Estate in conjunction with the business. Business and Real Estate purchase has been Lender pre-approved with 10% down payment over 19 year amortization, or 15% down payment over 25 year amortization.
There is an opportunity for significant growth including increasing outside sales, partnering with more used car lots, adding hybrid battery capabilities, and even taking on more general repair given the excellent location.
The Company successfully competes with other transmission shops in the area, including dealerships. They do this through a superior selling and service, along with a strong warranty.
Will train for 4 weeks @ no cost Full-service transmission shop providing transfer case repairs, system flushing, transmission rebuilds, transmission repairs, along with computer and module updates.