Auto Repair (Great Reputation & Staff)

Business Overview:

This business is a multiple decade old auto repair facility with a strong reputation, staff, and limited competition. Ownership is passionate about providing environmentally responsible services while offering a solid alternative to dealer garages. The business offers a full complement of repairs & services that ranges from engine overhauls, to transmission repairs, to brakes, to tune-ups, and all the way down to oil changes. The business is distinguishable from most other competitors in the region with their current scan capabilities, programing computer control modules, “Autologic” diagnostic & programing scanner, and many other specialized tools & software on hand that are necessary to work on many contemporary domestic, European, and Asian car brands. Gross sales are allocated 51% to parts and 49% to service.

The business is virtually the sole source for repairs on European car brands in the area. They repair all types of vehicles, but they are renowned for repairing European & Asian vehicles and taking on jobs that many other area shops are unprepared to engage. Most of their sales are return customers or referrals.

Prior ownership constructed a state-of-the-art and environmentally friendly shop. The high-profile shop is located on a high traffic thoroughfare. The building is 5,100 square feet, which is allocated 50% to shop workspace, 25% to office space, 12.5% to a parts room, and 12.5% to a wash bay. The shop workspace supports 6 technician bays with lifts, a car wash bay with a water reclamation system, a furnace room that uses a waste oil heat source, hazmat room with a 1,000-gallon waste tank, in-floor heating, and a Hunter alignment rack. The current rent on the building is $6,000 p/mo., plus NNN charges that cover property taxes. The Seller is confident that the Landlord will negotiate a long-term lease with a qualified tenant at current market rates.

The Seller serves as the President/GM with oversight over all aspects of operations. The business also employs a lead technician @ $40 p/r., (2) technicians @ $25 p/hr., a service advisor @ $30 p/hr. and an office assistant/shuttle driver @ $20 p/hr. The Seller expects all hourly employees to transition with new ownership post-sale.

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