Foreign Auto Repair Shop - Sold July 2017 |
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Business Summary:
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Established and highly successful foreign auto repair shop with well maintained equipment. With over 40 years of commitment to the community, the business has built up a great reputation for quality work at a fair price. This shop works on Mercedes, VW, BMW, Audi, Land Rover, Lexus, Porsche, Toyota, Honda and many more brands.
The shop services include: • Tires • Brakes • Steering Systems • Starters • Transmissions • Mufflers & Exhaust • Batteries • Belts & Hoses • Suspension Systems • Alternators • Engine Overhauls • AC & Heating Systems Over the 40 plus years of doing quality work, the company has built up many loyal customers that trust that their auto will be well cared for. The company also has many years of service history on these vehicles to help the owners know their vehicle’s service history. This database can also be used to market to existing foreign car owners. |
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Listing ID:
Location: Type of Business: Asking Price: Gross Income: Cash Flow: Inventory: FF&E: Year Established: # of Employees: |
ABA165231-90
West Michigan Automotive Repair $225,000 $388,000 $ 82,100 Included - approximately $80,000 Included - ask for details 1974 4 employess plus the owner |
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Facilities / Lease Terms:
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The facility is a two building shop with several lifts and well maintained equipment.
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Real Estate:
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The business owner currently owns the buildings and is open to leasing or selling the property.
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Growth Opportunity:
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The seller can assist the buyer with insight and ideas of past successes and current opportunities. There are immediate prospects for growth in the local area and a buyer with the drive and focus on expanding sales will be rewarded. Growth can be easily achieved by implementing a marketing plan including updating the web site, and using the company’s customer database of satisfied customers to market towards.
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Competition:
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There are a limited number of auto repair shops that specialize in foreign autos. This minimizes the competition to just a few shops.
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Financing:
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Seller will entertain offers to assist in financing to qualified buyers.
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Support & Training:
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The seller will provide professional training to help the purchaser take over providing a smooth transition to learn the business, customers, operating activities and employees. The seller will be available to work in the business during the transition.
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Reason for Selling:
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The seller wants to retire and is looking for a qualified buyer that will take pride in maintaining the integrity and reputation that has been established. The seller may be willing to remain part of the business over a longer term on a part-time basis.
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Broker Contact:
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Larry Baumgart – Advanced Business Advisors, LLC
Office: 269-383-2940 Fax: 815-301-3510 E-mail: Larry.Baumgart@AdvancedBusinessAdvisorsLLC.com |
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*The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility.
Above information is subject to change and/or correction and should not be considered binding.
