Profitable Automobile Service & Repair

Business Overview:

Offered for sale, a well-established and respected auto repair and service center in the Cleveland, Ohio area, boasting over 13 years of experience. Located in a densely populated area on a high-traffic street, it offers a variety of automotive services under one roof: auto repair, A/C services, tire changes with balancing, alignment rack, and more. The company's strong identity in the area fosters a loyal and expansive customer base. Understanding their diverse needs, preferences, and behaviors enables the center to tailor its services and marketing efforts effectively, fostering long-term relationships and loyalty. Additionally, it routinely supports an associated car sales retailer. Staffed by a dedicated team of three highly skilled and experienced employees, their commitment to the business and community drives its success. Financial stability is a hallmark of this enterprise, with reported revenues of $306,000 in 2024, $268,000 in 2023, and $285,000 in 2022. Seller Discretionary Earnings (SDE) reflects the business's financial health, standing at $50,000 for 2023 and 2022, with a similar expectation for 2024. For potential buyers, this represents a lucrative opportunity to enter or expand within the automobile repair market. With the current owner seeking retirement, the business presents a solid foundation for new ownership to leverage its reputation and explore further growth prospects. This transition offers an exciting venture for those ready to build upon a legacy of excellence in the Greater Cleveland area. The seller requests that interested buyers demonstrate commitment to confidentiality by signing a non-disclosure agreement (NDA) and becoming qualified buyers before certain details are released. This safeguards privacy and ensures a secure transaction process aligned with industry best practices. These measures also serve as evidence of buyers' genuine intent and financial capability.

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Reason for Selling:

Retirement

Additional Details:

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