|Automotive Repair Shop for Sale in North Carolina|
NCListing DetailsOffice ID: AUTO5
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $750,000
Gross Revenue: $484,401
Cash Flow: $37,495
Inventory Included: Yes
FF&E Included: Yes
Sale Price: $250,000
Real Estate: $500,000
Real Estate Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will provide qualified buyer reasonable financing as required by buyers commercial lender and/or SBA underwriting.
Absentee Owner: Yes
Reason for Sale:Current owner has sold another business and is assisting buyer in long-term transition.
Training:Seller will arrange for adequate transition support to be facilitated in large part by shop manager and office manager at no additional cost.
OperationsYear Established: 1983
Form of Ownership: C Corp
Employees (full-time): 4
Business Hours: M-F 7am - 5pm
Business Description:This automotive repair business or "garage" is independently owned (non-franchised) and provides general repair services on a wide range of vehicles including hybrid electric and electric plug-in vehicles. The business stocks common repair and maintenance as well as consumable parts. The business is known for quality repairs, a high level of service and reasonable turn-around time.
Historical Summary:Established in 1983 this business has a long track record of successful operations.
Owner Qualifications:Buyer need not be an experienced auto repair technician, but must have basic managerial, operations, accounting and compliance familiarity.
Competition:This business, just as most do, has local competition that provide similar products and services. This business has differentiated itself by focusing on quality repairs with a high level of customer services at fair prices.
Potential Growth:An onsite active owner/operator would likely have a positive impact on sales and net profit. Hours could be adjusted to increase convenience. Additional products or services could be added. Sales have declined over the past 3-5 years due to owners focus on another business. Sales to owner hours are directly correlated and can be expected to increase dramatically with a full-time owner operator.
LocationType of Location: Stand Alone
Real Estate for Sale: Yes
Real Estate: $500,000
Monthly Rent: $4,500
Square Footage: 7200
Purpose built stand alone building with 10 lifts and 12 bays. Located on the areas major thoroughfare with ample customer parking, back lot parking and storage. Store front has retail parts room, sales counter and private office with video security. FULLY air conditioned offices, shop break room and restrooms.
Owner prefers to sell building with business, but will consider long-term lease to qualified buyer at $4500 per month. Building recently appraised to support $500,000 asking price.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current as of: Nov 30, -0001 / 12:00 AM