Panama Car Repair Shop For Sale

Business description

This car repair shop is successfully in business for over 10 years, open to private and corporate clientele alike and grows every year. The activities are best described by a team of 5 mechanics, specialized in wheel alignment, wheel balancing, installing and repairing air conditions, tires, shocks, exhaust, and other typically related activities for this kind of enterprise.

Additionally the business offers car washing, which contributes to the business very professionally, operating with all necessary equipment and 3 dedicated employees.

The strength of the shop is in the contracts signed with government agencies and companies with substantial fleets, comprised of about 450 cars per contract year. This activity keeps growing well.
The facility is strategically well located to main roads of the city and offers unique positioning and growing opportunities well beyond the current business location. There is no ‘Midas’ in Panama yet, this is a good opportunity for the right determined individual.

The growth opportunities are excellent. This can be the starting stone for a new brand of activity. The concept is proven and is easily adaptable, introduced successfully to Panama on occasion for a long time and successfully performed in the U.S..

Operating costs are very reasonable and allow the business to generate a substantial margin.

Property information

Real Estate:

Lease

Lease terms:

Lease terms will be negotiated with the car shop owner. Monthly rental price would be $3,000.

Premises details:

The ground floor of the business accommodates all the shop activities. This area has approximately 500m2 with dedicated spaces for lube services, alignment, car washes, tire repair plus a parking area. There is additionally a show room for sales of accessories and business related products with a small waiting room, an office for administration and a storage room. The building is in good condition and may need minor repairs and painting. The technical equipment is under a maintenance contract with quarterly inspections

The seller offers the option to acquire the real estate.

Other information

Expansion potential:

The building could be fully utilized with 150 m2 of additional office and show room space available. This is a nice opportunity to grow and change the current business model of car repair shop to a broader spectrum of car related services and products like sound systems, performance products, accessories, even insurance, etc.

Support & training:

3 months ore more, depending on the needs of the buyer.

Reasons for selling:

The owner is tired of working and living in a big city.

Furniture / Fixtures value:

$35,000 (included in the asking price)

Inventory / Stock value:

$5,000