MergerPlace

Automotive Repair

Washington (King)


  • Asking Price: $150,000
  • Gross Income: $224,250
  • Cash Flow: $68,194
  • Real Estate: Not Disclosed
  • Inventory: $2,000
  • FF&E: $25,000
  • Listing ID: #225884
  • Established: 1986
  • Employees: 1 FT

Business Description

Automotive repair continues to be a necessary business in the American economy with consumers keeping their cars even longer. This is an excellent opportunity to own an established, turnkey automotive service business that boasts an excellent reputation over 35 years. The shop provides all manner of auto repair and maintenance with all the lifts and equipment to repair any type of automobile or truck. The shop is located close to several affluent neighborhoods in a conveniently located busy thoroughfare.


Business Details

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

Company Information

Year Established: 1986
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT

Financial Information

Asking Price: $150,000
Gross Revenue: $224,250
Cash Flow: $68,194
FF&E: $25,000
Inventory: $2,000
Seller Financing Available: No

Property Information

Facilities:

The 2,800 sq ft shop is automotive specific, built and outfitted for auto repair and general vehicle maintenance. This very clean shop includes 3 vehicle bays with lifts, air compressor, and all inventory, furniture, and fixtures needed to run the business. There is a separate office space and waiting room for customers and 1 bathroom Located in an area with other automotive specialties near several affluent communities. There is ample parking and street visibility. The monthly rent is $4,400 and the lease expires with 1 option to renew.

Growth & expansion opportunities:

The consistently increasing population of the area helps to drive new business. Hundreds of new residential units have been completed in the area and more 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 the community and other shops, as well as, increased social media would help to drive additional new customers to the shop.

Competition:

The auto repair industry has plentiful competition from auto dealerships to franchises to independent auto repair and maintenance operations. The profitability of individual companies depends on a convenient location and good marketing. It is located in one of the fastest growing and most convenient locations on the Eastside, with affluent, growing neighborhoods like Bellevue, Redmond, Woodinville, and Bothell nearby.

Reason for selling:

Owner is retiring.

Support & Training:

Will train for 2 weeks @ $0 cost. Knowledge of automobile repair and maintenance will be necessary.

Contact Business Seller

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Business Listed By:

Claudia Smith

Murphy Business Brokers