Auto Repair Shop For Sale

Business description

If you enjoy helping people with their car problems and you are knowledgeable about cars, this is the business for you! This Auto Repair Shop is strategically located in an upper income area near the beach in a Beach City just off a major highway, and Must Sell. The seller has to reduce his workload per Doctor`s orders! Work includes major and minor jobs with invoices ranging from $20 to over $5000. Key to success of the business is the ability to win the confidence of the customers and upselling them on additional work needed, and also winning their repeat business and referrals to friends. Included in the business sale are three lifts and four bays and equipment, valued at $20,000 by the seller. Inventory of parts is also included valued at $3000. The company employs three mechanics, and the mechanics, as is the practice in the industry, own most of their own tools.

Seller is retirement age and wanting to slow down his workload, and has two businesses. The second business is also in the auto repair area, and the seller has agreed not to solicit the current customer base at his other business for five years.

Landlord is very supportive of the business, and will prepare a new lease for the new owner that works for all parties. Landlord has other tenants nearby, one of which specializes in Honda and Acura products, so landlord and seller have asked that the new owner concentrate on servicing other makes and models. Company does work on foreign and domestic vehicles. The company has a large parking lot loaded with vehicles waiting for repair.

With $75,000 down, seller will carry a note for $75,000 for the right buyer, 8.50% interest, 60 monthly payments of $1538.74. Asking price is $150,000.

For more information, please contact Lonnie Langdon.

Property information

Real Estate:

Lease

Other information

Support & training:

Seller will provide training.

Reasons for selling:

Reduce work load

Trading hours:

8am-6pm Mon-Fri; Sat 8am-2pm

Financing available:

Seller may provide financing for approved buyer.

Furniture / Fixtures value:

$20,000

Inventory / Stock value:

$5,000

Contact the seller