Eastside Auto Repair Center - Well Established & Seller Financing


Asking Price: $330,000

SOLD

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  Aaron Muller
Phone: 425.274.2092
Email: info@ACBrokersInc.com
 

Listing Information

Address: , Eastside, WA,
Gross Income (last 12 months):
$649,378.00
Value of Furniture, Fixtures, and Equipment:
$76,292.00
Cash Flow (last 12 months):
$145,276.00
Included in Asking Price?:
Yes
Year Established:
1982
Value of Inventory:
$23,634.00
Number of full-time employees:
3
Included in Asking Price?:
No
Number of part-time employees:
0
Value of Property (if for sale also):
--
   
Included in Asking Price?:
No

Description


This is a profitable auto repair shop that has been established for 20+ years. The business performs maintenance, repair, and service on foreign and domestic vehicles. There are 2 technicians and a service manager. The business runs smoothly with the owner being out of State. The repair shop is well known in the community with corporate fleet accounts as well as numerous customers in the database. A consistent marketing program is in place, generating a stream of repeat customers. With recent changes in the economy, more people are looking to maintain their current vehicles instead of purchasing new ones, creating a positive trend for the automotive repair industry. The owner is not able to devote as much time to grow the business as he would like to, so he is looking for the right person to take this well established, well run shop to the next level. This would include replacing the manager with himself to allow for adequate income and getting a true understanding of what the business needs to grow. Since this business is best suited for an owner operator, the manager's salary is added to the owner's cash flow or ODI (Owner's Discretionary Income).

Facilities / Location


The location is convenient for workers and residents in the neighborhood, and is also close to large corporations with fleets of vehicles. The facility contains over 6,000 square feet with plenty of room from growth. The building and equipment are in good condition. Business hours are 8-6 Mondays through Fridays.

Competition / Market Pros & Cons


This is an easily understandable business that can be run by an individual with a good business background without the necessary experience in auto repair. The owner does not know how to fix cars and has put systems in place so the business can run without his daily presence. Auto repair is not a luxury purchase, and will always be in demand when peopleís vehicles break down or need service.

Growth and Expansion Pros & Cons


This business is in need of a new owner that can dedicate more time and energy to growing the business. With plenty of room at the current location that is not fully utilized, this shop is poised for growth.

Support / Training Available


Negotiable.

Reason for Selling


Owner lives out of State and is not able to run the business.

Any Financing Seller Will Provide?


Seller financing available.

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