MergerPlace

Auto Exhaust, Brake and Radiator

Washington (King)


  • Asking Price: $189,000
  • Gross Income: $358,980
  • Cash Flow: $70,915
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $45,000
  • Listing ID: #214527
  • Established: 2004
  • Employees: 2 FT

Business Description

Automotive repair is one of the most desirable and necessary businesses in the American economy. Here’s your opportunity to own an established, turnkey automotive service and repair business that boasts an excellent reputation and 15 years’ of solid profits. Customers rely on this business for preventative maintenance and scheduled services. Specialties include diagnosing and installing aftermarket and performance exhaust and emissions components and providing light under-car repair and service. The shop is located close to several affluent neighborhoods in a very clean, large commercial space. All associated furniture, fixtures, equipment and inventory are included.


Business Details

Primary Business Category: Services - Other Services
Location: Washington
County: King

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT

Financial Information

Asking Price: $189,000
Gross Revenue: $358,980
Cash Flow: $70,915
FF&E: $45,000
Seller Financing Available: No

Property Information

Facilities:

The 2,750 sq ft shop is automotive specific, built and outfitted with lifts, office furniture, fixtures and equipment specific to welding and fabricating exhaust systems and general vehicle maintenance. The space includes office space, a waiting room for customers, 2 bathrooms, as well as a break room for the employees. Located near several affluent neighborhoods, with ample parking and great street visibility. The monthly rent is $4,500 and the lease expires October 2020 with option to renew.

Growth & expansion opportunities:

The consistently increasing population of the area drives new business. Hundreds of new residential units will roll out over the next 5-10 years, which will attract potential new customers. Marketing programs and promotions targeting the existing customer base will boost business, and sponsorship at local car shows will increase exposure. Networking and relationship building with local dealerships would drive increased business to the aftermarket performance exhaust system segment of the business.

Competition:

The business' closest competitor is 8 miles away. The United States has one of the largest automotive markets in the world and due to technological advancements in vehicles, the length of vehicle ownership for new and used vehicles has increased 60% in the last ten years. Today's consumers are keeping their vehicles longer and are more aware of the importance of preventive maintenance and scheduled service to maximize the lifetime value of their vehicles. The increasing age of the vehicle population has been a positive aftermarket trend for a long time, and the trend has accelerated greatly over the past six years. Today, it stands at a record-high 11.3 years for passenger cars and light trucks combined, representing a 14% increase since 2007. 75% of aftermarket auto repair is performed by independent auto repair shops. Also, the increase in the sales of passenger cars leads to an increase in demand for automotive exhaust system units.

Reason for selling:

Owner is retiring.

Support & Training:

Will train for 2 weeks @ no cost The business specializes in installing and diagnosing aftermarket and performance exhaust and emissions components. They weld and fabricate exhaust systems for domestic and foreign vehicles. They also provide repair and servicing of vehicle brake systems, radiators, batteries, filters and fluids and light under-car repair. Knowledge of auto repair and maintenance is preferred, however, there is qualified staff in place to run the operation from day one.

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Business Listed By:

Claudia Smith

Murphy Business Brokers