MergerPlace

General Auto Repair

Pennsylvania


  • Asking Price: $315,000
  • Gross Income: $658,472
  • Cash Flow: $142,854
  • Real Estate: Not Disclosed
  • Inventory: $100,000
  • FF&E: $30,000
  • Listing ID: #213296
  • Established: 1958
  • Employees: 2 FT

Business Description

This very established business was started by the parents of the current owner in 1958 and it continues to thrive under 2nd generation family ownership. The business operates in the exact same location it originated; this location is fantastic and visible from a major interstate highway. Although they currently do not sell used cars, the business has a license to do so from the State of Pennsylvania. In 2007, the business added another revenue stream selling sheds, garages and other outdoor buildings that does business under another name. A nice display of these products is located across the street from the garage. The sales of these products has increased over the years. In 1970 the current owner's father built a residential duplex beside the garage and both sides are rented. Auto repair customers primarily come from a fifteen mile radius of the garage while shed customers come from a fifty mile radius. The business keeps two full time mechanics very busy and the owner manages the business, schedules work, sells sheds and interacts with the customers on the phone and in person.


Business Details

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

Company Information

Year Established: 1958
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT

Financial Information

Asking Price: $315,000
Gross Revenue: $658,472
Cash Flow: $142,854
FF&E: $30,000
Inventory: $100,000
Seller Financing Available: No

Property Information

Facilities:

The business has operated in the same location since its inception in 1958. There is a four bay stand-alone garage with a rented apartment above. Also on the property is a duplex beside the garage that is also rented. Across the street is a very nice display of sheds, garages, multi-purpose buildings etc. that are for sale and part of this business opportunity. Additionally, there is a used car office that was utilized in the past when they sold used cars. Of course, the used car business could be reactivated should the new owner have an interest. The current owner has verification that there are no environmental issues on the property. The owner would prefer to sell the real estate with the business but is open to leasing the garage or considering a lease with option to purchase to a qualified buyer. Rental income from the duplex and the apartment is currently $2,250 per month.

Growth & expansion opportunities:

The business has performed well for many years, but is still positioned for growth if additional mechanics were added and hours could be increased as well. Ideally, if two additional bays were added onto the garage, that would enable significant growth because the demand for their services exists. Turn times for completing work could be reduced and additional work could be scheduled resulting in increased volume and profits.

Competition:

Competition related to the auto repair part of the business is primarily a few other auto repair garages in the general area. However, the location of this business is second to none. It is right off and visible from a very major interstate highway that is traveled by most everyone who resides within a three county area. Hence competition tends not to be a concern, but rather the big challenge is keeping the turnaround time to complete work for customers at a minimum due to the extensive workload.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ $0 cost. A general overview of the products/services offered are: Auto Maintenance and Repair; Certified/Licensed Emissions and Safety Inspection Station; Sheds, Garages, and other outdoor building sales; Used car lot (Licensed by the State) available--current owner does not operate this available segment of the business.

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Business Listed By:

Jack R. Greenawalt Jr.

Murphy Business Brokers