Well Established Automotive Shop With Property For Sale

Business description

This automotive repair and maintenance shop has grown and maintained its market share as a result of an excellent customer service reputation built by the family ownership for the past 60 years. The company’s consistency and longevity of service, combined with its brand name tire products, have enabled it to maintain relatively consistent sales levels during the past several years.

The business is located in an area of population and economic growth. It has the potential to achieve significant sales growth through expanding car counts and diversification of services, including scheduled maintenance. Moderate unemployment and a stable housing market in the county has contributed to the availability of discretionary income to support above average add on sales potential.

The primary market for the Company is retail consumers seeking a reputable automotive facility for tires and needed repairs/replacement of brakes, suspension, exhaust, tires, etc., routine maintenance such as oil changes, and preventative maintenance such as factory scheduled maintenance.

A secondary but large target market is servicing local and national fleets of automobiles and light trucks. This market currently represent a small segment of the Company’s total revenue and is ripe for expansion with a new Owner.

Property information

Real Estate:

Lease

Location:

This well maintained, fully-equipped shop is approximately 9000 square feet with eight service bays, an alignment pit and huge storage areas. There is ample parking available. Well situated in a prime retail shopping area with department stores and numerous fast food restaurants, and only ½ mile away from a large educational institution.

Other information

Expansion potential:

The company is doing a very limited wholesale business to local car dealers and independent repair shops. Currently it does not actively promote itself to local fleets, such as contractors and other local business and government entities. These segments represent a growth opportunity for a Buyer to increase sales.

Competition / Market:

There are several similar businesses in the surrounding area, however the Company has built a great reputation over the last 60 years for customer service, convenience, and value pricing. This has enabled it to maintain consistent sales levels during the past several years, even through these difficult economic times.

Support & training:

Seller will provide a minimum of 2 weeks training and ongoing consulting for a minimum of 3 months.

Reasons for selling:

Owners wish to retire.

Financing available:

Seller is not in a position to provide financing.

Furniture / Fixtures value:

$90,000

Inventory / Stock value:

$25,000 (included in the asking price)