Auto Repair business located at a prime location in Chicago, IL. At the current location since 1995 with over 1,100 active customers. 25% commercial accounts. 6 full time employees (including owners) and 1 part-time employee. Named one of the Top 40 Automotive Repair Businesses in the Chicago area by survey done by Chicago Magazine.
Upward sloping revenue over the last 3 years and steady to improving cash flow indicates a healthy, thriving business. Niche market in medium "box" delivery trucks. Little to no customer complaints registered. Experienced management willing to transition new owner. $130,000 in equipment, FF&E including 5 lifts, and heavy duty electrical panel, office, safe, customer waiting room. Inventory is valued at $40,000. Open 6 days per week. Organized as a subchapter S Corporation. Loyal customer base, primarily promoted with "word of mouth" advertising.
2015 Sales $1,270,000 Cash Flow $213,000.
Asking Price $600,000 includes $130,000 F,F&E (fair value) and $40,000 inventory
The building (7,000 square feet) is well maintained with recent roof, air conditioning and insulated overhead door. The total property, (14,000 square feet) consists of the building and a fenced and secured parking area. This highly desirable location includes ample parking, easy access to public transportation with frontage on a main thoroughfare and a dead-end street, directly adjacent to public transportation. They take full advantage of additional street parking at no cost. Real estate taxes will be between $20,000 and $25,000.
Asking Price $750,000

Posted Aug 23, 2016

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