MergerPlace

Auto Maintenance & Repair Shop

Washington (King)


  • Asking Price: $175,000
  • Gross Income: $311,083
  • Cash Flow: $89,000
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $50,455
  • Listing ID: #227071
  • Established: 1978
  • Employees: 2 FT /1 PT

Business Description

Consumers are keeping their cars longer and longer which makes the automotive repair industry a necessary business in the American economy. This is an excellent opportunity to own an established automotive service business with an excellent long term reputation. The shop provides all the full range of auto repair and maintenance with with 5 bays and all lifts and equipment to repair any type of automobile or truck The shop is located in one of the most affluent Eastside communities on a conveniently located busy thoroughfare. All associated furniture, fixtures, equipment, and inventory are included.


Business Details

Primary Business Category: Retail Trade - Motor Vehicle & Parts
Location: Washington
County: King

Company Information

Year Established: 1978
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT /1 PT

Financial Information

Asking Price: $175,000
Gross Revenue: $311,083
Cash Flow: $89,000
FF&E: $50,455
Inventory: $3,000
Seller Financing Available: No

Property Information

Facilities:

The shop is outfitted specifically for automotive auto repair and general vehicle maintenance. There is 2,880 sq ft with monthly rent $5,741 including NNN. This shop includes 5 vehicle bays with with 3 lifts, a separate office space and waiting room for customers and a restroom.

Growth & expansion opportunities:

The business is located in one of the most affluent and fastest growing communities with a prime location on the Eastside. Hiring more techs and expanding operating hours and days will also increase opportunities to grow revenues. More social media exposure and targeted marketing will help to drive growth.

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. 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. 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 auto repair.

Reason for selling:

Owner is retiring.

Support & Training:

Will train for 2 weeks @ $0 cost. The business provides comprehensive general mechanic and maintenance services; exhaust, transmission, air conditioning, brakes, axel repair and replacement, wheel alignment and more for automobiles and trucks. Knowledge of auto repair is essential to running this business. The current business owner is certified by the Washington State Patrol Intoxalock Program, also, hot work operations certification and flammable liquids from the Fire Department, and garage operations and boiler permit for the compressor. Knowledge of auto repair is essential.

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Business Listed By:

Claudia Smith

Murphy Business Brokers