MergerPlace

10 Bay Auto Repair Shop

Virginia


  • Asking Price: $349,500
  • Gross Income: $642,538
  • Cash Flow: $101,486
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $175,000
  • Listing ID: #206765
  • Established: 2005
  • Employees: 3 FT/ 3 PT

Business Description

Centrally Located 10 Bay Auto Repair Shop. Operating in 10,000 square feet this auto repair shop is all about reputation, customer service and quality work. Located in Hampton Roads, the operation launched thirteen years ago with a humble beginning and has organically grown into a respectable Brand based on quality and exceptional work delivered at a reasonable price. The operation is supported by six employees including a service writer and office staff. Four technicians make up the production line up. The owners are involved in the day to day operations and one is hands-on. The lease is reasonable for the space at $8,400 per month as the location is attractive with easy access, ample parking and conveniently located just off a major roadway. No surprise, the shop’s reviews are superb highlighting excellent work and service from qualified technicians at reasonable prices. This has been the operation’s theme since day one. Over the years their reputation has grown business from recommendations. A grass roots approach to establishing a strong customer base. The business finds itself in an interesting place strategically. The capacity to do more and take more business is readily available. Positioning the business to do that means some rescheduling and hiring a few more technicians, but the potential for growth is within reach. The current owners are torn as they are presented with an opportunity out of state and are looking to relocate. As a result, there is some urgency here in the opportunity, but the owners will ensure a comfortable transition into the business with adequate training to allow a buyer to comfortably take over where they have left off.


Business Details

Primary Business Category: Services - Other Services
Location: Virginia

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/ 3 PT

Financial Information

Asking Price: $349,500
Gross Revenue: $642,538
Cash Flow: $101,486
FF&E: $175,000
Seller Financing Available: No

Property Information

Reason for selling:

Relocation.

Support & Training:

Will train for 4 weeks @ no cost.

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Business Listed By:

Frank Chebalo

Murphy Business Brokers