Auto Repair Shop with Real Estate in Federal Way


Asking Price: $895,000

SOLD

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

Listing Information

Address: , Federal Way, WA,
Gross Income (last 12 months):
$547,356.00
Value of Furniture, Fixtures, and Equipment:
$75,000.00
Cash Flow (last 12 months):
$168,793.00
Included in Asking Price?:
Yes
Year Established:
1955
Value of Inventory:
$5,000.00
Number of full-time employees:
3
Included in Asking Price?:
No
Number of part-time employees:
Value of Property (if for sale also):
$695,000.00
   
Included in Asking Price?:
Yes

Description


This is a full-service auto repair shop in Federal Way, WA that has been established since 1955. Both the business and property are included in the total asking price of $895,000. There is one full-time service writer, and two full-time automotive technicians. This is a family-owned business owned by a husband and wife. The husband works approximately 4 hours a day performing overall management while his wife works approximately 2 hours a day keeping the books. After many years, the owners are looking to retire. Contact the broker today to inquire about this opportunity!

Facilities / Location


The shop has 6 bays inside, 3 bays outside (carports), and 8 lifts. The building is 4,410 square feet and the lot size is 34,460 square feet. The business is open Mondays through Fridays from 8 AM to 5:30 PM.

Competition / Market Pros & Cons


This is a business that has built a strong reputation over the last 60 years. Unlike certain areas in Seattle where people can get by without owning a car, Federal Way is an area where driving to and from work is a necessity for most people. By continuing the tradition of excellent customer service provided at this shop, the new owner can benefit from the constant demand of cars needing serviced.

Growth and Expansion Pros & Cons


The current owners are hardly spending any money on advertising. The business does not even have a web site. A new owner who brings fresh energy and marketing ideas could build upon the existing clientele and grow the business to the next level.

Support / Training Available


Sellers will provide training for a smooth transition. Details negotiable.

Reason for Selling


Retirement.

Any Financing Seller Will Provide?


Broker can assist buyer in obtaining financing.

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