Primary Category:Auto Repair & Service Shops for Sale
70+ year family owned full service automotive shop in prime location is available for owner/operator. This business is located in a fast growing market with a new Amazon distribution center and Fed Ex across the street.
Solid repeat customers is the key to success and organic growth is based on adding in fleet maintenance which at this time they have had to pass on due to manpower. Revenues every year are right at $500k, and SDE averages $145K.
Manpower consists of 1 FT Manager, 2 FT Oil and Lube, 1 Mechanic. Owner provides administrative support. Real Estate accommodates 6 vehicles inside in 2,132 Sq ft with 2 additional outside lifts. Income producing property on-site, duplex with rent of $1,400/mo.
Website and marketing needs to updated and refreshed. Family medical issues is causing owners to spend more time away from business so they have decided to retire. For more information please contact Shanon Madrid at 919-624-9275 or [email protected]
Financial Information
$550,000
Asking Price
$145,000
Cash Flow
$500,000
Gross Revenue
Yes
Financing
Business Location
City:
Cumberland County
State:North Carolina
Financing Comments
Will consider for highly qualified buyer
Reason for Sale
Retirement
Detailed information
Year Established:1997
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 3
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:40
Inventory Included: Yes
Inventory Value:
$13,000
Monthly Rent:
On request
Real Estate Available: Yes
Real Estate Included: Yes
Real Estate Value:
$230,000
Building Size: 2132
FF&E Included?: Yes
FF&E Value: $125,000
Training/Support
Owner will transition as needed
Facilities
Included in sale price. 2,132 square feet with inground oil changing pit. Room for 6 vehicles.
Market Outlook/Competition
No other automotive shop in 5 miles radius. Sits in large metropolitan area and growing.
This business provides general car repair, oil changes, tire balance and rotation, general maintenance. Master Service Technician can do automotive/motor...
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