Located on a very busy street in South King County, this is a well-established auto repair shop that has been in business for 20+ years. The shop offers a wide range of auto repair services including diagnostics, tune-ups, brakes, transmissions, cooling systems, radiators, starters, timing belts, alignments, suspensions, etc. The shop is currently being run by a service manager, two technicians, and a bookkeeper / admin assistant. The owner is just about completely absentee. This is a shop that needs an owner operator to thrive. With a proactive owner operator who works at the front counter everyday, the service manager is no longer needed. The bookkeeper / admin assistant is the seller's daughter who is being paid above-market wage for the job duties she performs. The cash flow figure assumes the service manager is no longer needed, and a new office assistant is hired for market wage to replace the seller's daughter. This is an excellent opportunity for an automotive service manager to own your own business, be your own boss, and make a great living while growing the business to the next level.
The shop has an excellent location on a very busy street with high visibility. There are 3 lifts, 4 inside bays, and 4 outside bays. The shop is approximately 2,500 square feet with 25 parking spots. The shop is open 8 AM to 5 PM Mondays through Fridays, and closed on the weekends. Rent is $4,000 per month + taxes, insurance, and repair, which is about $500 per month.
Competition / Market Pros & Cons
This is a well-established business with a loyal customer base. Revenues have been growing every year, and the fleet business is also increasing. The location is excellent, and the signage is highly visible. There will always be demand for auto repair services because people need their cars maintained to get places, and putting off repairs will only lead to more expensive repair bills down the road.
Growth and Expansion Pros & Cons
The current owner is absentee and has not put in much time and energy to market the business. As an example, less than $600 was spent on advertising for the entire year last year. With a hands-on owner operator who is willing to put in the effort to market and grow the business, revenues and cash flows could be taken to the next level.