Very Profitable Auto Service Center
Triangle Area
Financials
Asking Price: $698,900
Revenue: $915,484
Cash Flow: $342,325
Description
Asking Price: $698,900
Revenue: $866,651
Cash Flow: $342,325
This business has been trending upward in spite of the recession (sales have increased by more than 10% from 2007 to 2009) and the outlook for the auto service industry is positive. Established by the current owners in its current location about 14 years ago, this is an owner operated business that was built from the ground up with the concept of keeping it simple and producing profits. The business was in fact immediately successful and has proven to consistently produce high margins and a strong cash flow to the owners.
The center offers full service auto repairs, tire sales and service, and NC State inspection. It is advantageously located in one of the highest income areas in North Carolina and enjoys a loyal and steady clientele. This is an excellent opportunity for an experienced auto service individual, like kind company wanting to expand, or the ambitious entrepreneur to own an auto service business with a proven successful business model, but not burdened with franchise fees.
Facilities: The facility was designed for efficiency, has very good visibility, is easily accessible, and has plenty of parking.
Competition: Limited direct competition in the immediate market area.
Opportunities for growth/expansion: This business has been very successful and the owners have primarily spent their time and efforts operating the business and offering top notch service. Avenues of growth would include aggressive advertising, extended hours, and specialized high tech services.
Support/training: Sellers will provide training and support
FFE and Inventory: $170,000, included in asking price
Employees: 3
Financing: SBA or some owner financing is possible
Reason for selling: Retirement.
Revenue: $866,651
Cash Flow: $342,325
This business has been trending upward in spite of the recession (sales have increased by more than 10% from 2007 to 2009) and the outlook for the auto service industry is positive. Established by the current owners in its current location about 14 years ago, this is an owner operated business that was built from the ground up with the concept of keeping it simple and producing profits. The business was in fact immediately successful and has proven to consistently produce high margins and a strong cash flow to the owners.
The center offers full service auto repairs, tire sales and service, and NC State inspection. It is advantageously located in one of the highest income areas in North Carolina and enjoys a loyal and steady clientele. This is an excellent opportunity for an experienced auto service individual, like kind company wanting to expand, or the ambitious entrepreneur to own an auto service business with a proven successful business model, but not burdened with franchise fees.
Facilities: The facility was designed for efficiency, has very good visibility, is easily accessible, and has plenty of parking.
Competition: Limited direct competition in the immediate market area.
Opportunities for growth/expansion: This business has been very successful and the owners have primarily spent their time and efforts operating the business and offering top notch service. Avenues of growth would include aggressive advertising, extended hours, and specialized high tech services.
Support/training: Sellers will provide training and support
FFE and Inventory: $170,000, included in asking price
Employees: 3
Financing: SBA or some owner financing is possible
Reason for selling: Retirement.
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