Business Type: Automotive Repair Service Business
Business Description: The company is a privately-owned automotive repair garage providing complete foreign and domestic vehicle services. Over the years, the company has remained up to date with modern technology by utilizing new computer programming equipment, and the latest accounting and operating programs. The Company has a customer database 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 projected $900K
EBITDA: $95K 2020 projected $107K
Inventory: $35K – $45K
Competition: Given in presentation
Growth & Expansion: The company has potential to diversify the scope of work by offering new services, creating additional revenue streams. Specifically, management believes that there is significant growth potential for adding the following:
*Tire and Alignment Services *U-Haul Rentals
*Western Plows and Services * Free Car Wash
*Towing and Storage Services
Owner Involvement: Full time – one of the 5 employees
- Support & 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 Available: TBD
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