Description

This full service auto repair business is a 30-year-old turn-key operation ready for an owner-operator to give it the attention it deserves. Currently operated by a semi-absentee owner, it generates average annual sales over $160,000. With a down payment of only $40,000 to $50,000, the seller will finance the rest over 36 months for a qualified buyer.

There is a large database of existing customers, and furniture, fixtures, equipment (FF&E), and leasehold improvements are estimated to be worth at least $50,000.00. No representations are being made regarding net cash flow, 'SDE', or profit. Rather the business is being offered based on gross sales and existing infrastructure.

The business operates in leased premises, at a monthly net cost of approximately $2,500.00. The landlord is open to negotiating a long-term tenancy at a comparable rate.

This is a platform for a successful business without 're-inventing the wheel.' The owner has been trying to 'absentee-manage' this business, while placing his full-time attention on running his other highly-successful business (not auto repair). This auto repair business will thrive once there is a dedicated owner-manager in place.

The owner is realistic his message to prospective buyers is simple: 'Make a good faith realistic offer, regardless of the 'asking price,' go into contract with a strict due diligence clause, and you can have access to every record and data point that you want.'


Look at what you would be buying:
1. an existing customer base;
2. a fully-functioning, fully-equipped shop;
3. staff;
4. market presence;
5. cash flow;
6. an existing lease and location.

You really have a decision between 'starting from scratch' and creating all those assets (1 through 6, above), or buying this foundation for a business that you can grow. Also, keep in mind that the $104,900 is an "asking price' it's not 'carved in stone.' However, the seller will give the highest bidder the first opportunity to take over this business. And, the seller is willing to finance a sizable chunk of the price for a buyer with decent credit and a minimum down payment of $40,000 to $50,000.

The deal structure will be a sale of all assets (including all physical assets, trademarks, good will, name, customer records, etc.,) except accounts receivable, accounts payable, rent security deposit, and cash on hand. Inventory will be included at actual cost. The asking price is $104,900 (approx. 65% of gross sales); but, the seller can be flexible for a quick cash deal. With a $40,000 to $50,000 down payment, the seller will finance the balance over 3 years for a qualified buyer.

The Seller is very open to a reasonable transition period in order to assure that the new owner is fully trained and that existing business is retained.

Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.

Posted Aug 8, 2016

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