Profitable Auto Repair and Auto Sales Business


Asking Price: $1,800,000
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  Aaron Muller
Phone: 425.274.2092
Email: info@ACBrokersInc.com
 

Listing Information

Address: , Pierce County, WA,
Gross Income (last 12 months):
$1,804,078.00
Value of Furniture, Fixtures, and Equipment:
$89,910.00
Cash Flow (last 12 months):
$449,639.00
Included in Asking Price?:
Yes
Year Established:
2003
Value of Inventory:
$115,000.00
Number of full-time employees:
3
Included in Asking Price?:
No
Number of part-time employees:
1
Value of Property (if for sale also):
--
   
Included in Asking Price?:
No

Description


Established in 2003, this is a non-franchise, extremely successful auto repair and auto sales business in Pierce County, WA. Approximately 60% of the revenues come from auto repair, and 40% from auto sales. The two sides of the business complement each other. About 90% of the customers that purchased a car from the auto sales side become repeat customers of the auto repair side, and the auto repair technicians are able to handle the repairs needed to get used vehicles ready for sale. The auto repair side works on 47 cars per week on average with an average Repair Order (RO) of $475. The auto sales side purchases vehicles from private parties and auctions, and sells about 70 cars a year in the $8,000-to-$11,000 price range. The company is staffed by one full-time service advisor, two full-time auto technicians, and one part-time auto technician / backup service advisor. After 18 years of owning the business, the owners are ready to retire. This is an excellent opportunity to take over an extremely profitable auto repair and auto sales business, enjoy the cash flow, and grow it to the next level.

Facilities / Location


The company leases two locations in Pierce County: one location is the auto repair shop, and the second location is the showroom for auto sales. Both locations are well-located and highly convenient for customers. Rent on the auto repair shop is $6,823 per month + water and garage. Rent on the auto sales showroom is $3,350 per month + NNN. Five company vehicles and all furniture, fixtures, and equipment are included in the asking price. Inventory is in addition to the asking price. The auto sales side has approximately $80,000 in car inventory, and the auto repair side has approximately $35,000 in inventory.

Competition / Market Pros & Cons


Having been established for 18 years, this is a landmark business in the community. The business is very well-known. The business gets a lot of word-of-mouth referrals due to the exceptional service it provides. This is a highly profitable business with steadily growing revenues and profits every year.

Growth and Expansion Pros & Cons


The business hardly does any advertising (only 0.5% of the company’s revenues are spent on advertising). Other than sending reminder postcards to customers to get them in for regular service, the company does not do any online or social media advertising. The owners have been relying exclusively on their loyal customer base and word-of-mouth. A new owner with fresh energy can build on the company’s stellar reputation, focus on marketing, and grow revenues and profits to the next level.

Support / Training Available


Sellers are willing to train. Details negotiable.

Reason for Selling


Retirement.

Any Financing Seller Will Provide?


Cash at closing. Broker can assist buyer with obtaining bank financing with as little as 10% to 20% down.

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