MergerPlace

Established Auto Repair Shop

Utah


  • Asking Price: $309,684
  • Gross Income: $657,679
  • Cash Flow: $124,821
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $99,360
  • Listing ID: #213842
  • Established: 1982
  • Employees: 5 FT

Business Description

This location started doing business in 1982. It has five employees and the capacity for another technician. The current owner purchased it in July 2015. The owner was doing the accounting for the business when the opportunity to purchase it appeared. The owner was raised loving the brand and knowing the high-quality work and trustworthiness of the business. It is a nationally recognized name. The shop has the ability to grow as much as a buyer is willing to handle. This location has been in business for almost 40 years. It has loyal customers who bring their children and neighbors in. It also attracts many new customers because of its positive online reviews (a 4.3 rating with around 75% of the reviews being 5 star).


Business Details

Primary Business Category: Services - Other Services
Location: Utah

Company Information

Year Established: 1982
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 5 FT

Financial Information

Asking Price: $309,684
Gross Revenue: $657,679
Cash Flow: $124,821
FF&E: $99,360
Inventory: $1,000
Seller Financing Available: Yes

Property Information

Facilities:

Total Square Feet: 4,063; Description of Location: Commercial; Condition: Good condition. Built in 1982.

Growth & expansion opportunities:

There is significant opportunity if the buyer can get contracts with large businesses to service their fleets of vehicles. According to Seller, this could increase revenue by $50,000 or more. The business also has the capacity to hire another technician. This would enable the company to service more customers and increase revenues.

Competition:

Utah continues to earn national praise as the “Best State for Business”. The Beehive State has some of the lowest taxes in the country, top-notch infrastructure, a fiscally minded government that encourages job and economic growth, and an unparalleled quality of life. The city where the business is located is a great place for consumers to buy cars. The auto shop is a top performer despite the competitive area.

Reason for selling:

Seller is moving to St. George, Utah.

Support & Training:

Will train for 4 weeks @ no cost The shop currently services brakes, tires, struts/shocks, sensors, catalytic converters, mufflers and tail pipes, switches and regulators, diagnostics, emissions and safety inspections for commercial vehicles (still required by law). They provide most other auto repair services as well besides body and paint.

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Business Listed By:

Matthew Jorgensen

Murphy Business Brokers