This attractive 20 year old full-service auto and truck preventive maintenance and repair business is located in a free-standing 1500 square foot facility in a desirable Detroit suburb. The shop has three bays which include two recently installed new lifts. Total value in place of the assets included in the sale approximates $100,000. Services provided to the customer range from small repairs and oil changes to total engine rebuilds.

This well established and profitable auto and truck repair business enjoys a steady stream of repeat customers and new customers referred from satisfied ones. The business is situated on a one-acre parcel on a highly traveled main road. The property may be leased or purchased (seller’s preference) at a favorable price.

Two highly seasoned and productive employees allow the owner to take time off as the employees can capably run the shop and take care of customers’ needs in the seller’s absence.

For a down payment as low as 15%, the buyer may choose to get a SBA guaranteed loan with low monthly payments allowing for an attractive cash flow (after debt service) for the new owner. Payments for the business (listed at $195,000) and property (listed at $300,000) combined would be approximately $45,000 annually leaving an owner-operator as much as $75,000 (after debt payments) based on $120,000 of rent free SDE.

Posted Jun 9, 2016

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