Description

This is the chance to buy an established full auto repair shop in Killeen, TX. The shop specializes in transmission repair but also has full service capabilities along with body repair. The Seller is ready to retire and would like to sell the business and potentially the property for $295,000 or lease for $4500 per month. Revenues are $815,601 for 2015 with cash flow of $152,919. Sales were $818,930 for 2014 and seller’s discretionary earnings were $130,469.
This is a potentially attractive acquisition for a new owner for a several reasons. The location draws customers from all over the Killeen and north Austin metro area. The seller has successfully built a brand around the business. At this point, the business basically runs on auto-pilot. A new, more involved owner could spend more time at the business driving traffic to the location. A more “hands-on” approach will likely increase sales, according to the current owner. On the other hand, this “semi-absentee” setup may work well for an investor who simply wants a good return on their investment. The shop has local employees who are willing to stay on for a new owner. A new owner could also ramp up advertising efforts, as the current Seller does very little advertising.
A new owner can jump into the shoes of the current owner and continue to build momentum in the new services and coffee shop part of the business. A new owner would also have the flexibility to add new services and discontinue items that may be lagging. The market in Killeen is very supportive to local business owners. This is a great opportunity to exploit that support. A good marketing owner will be able to steer business to its location easily.

Posted May 10, 2016

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