Business Type: Automotive Repair Service Business
Location: Midwest
Business Description: The company is a privately-owned automotive repair garage providing complete foreign and domestic vehicle services. Over the years, the company has a customer base of over 7,500 loyal customers, many of which are third generation families. The company primarily targets local consumers (96% of 2019 revenue), and corporate/government accounts (4%).
Real Estate: Location is rented.
Facility Description: The company operates from a 51,812 square foot garage and office facility.
Asking Price: TBD
Gross Income: $792K
2020 Projection: $900K
EBITDA: $95K
2020 Projection: $107K
FF&E: $55K
Inventory: $35K-$45K
Established: 1989
Employees: 5
Competition: Given in Presentation
Growth & Expansion: The company has potential to diversify the scope of work by offering new services and therefore creating new revenue streams. Specifically, management believes that there is significant growth potential for adding the following:
*Tire and Alignment Services
*Western Plows and Services
*Towing and Storage Services
*U-Haul Rentals
*Free Car Wash
Owner Involvement: Full Time – one of the 5 employees.
Support and Training: The owner is willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.
Reason for Selling: Other Interests.
Seller Financing: TBD