Contact: Tim Carter
Email: [email protected]
Your Reference ID: TC1101817
It has been a great 20 year run, but now the founder/owner/seller of this full service auto repair business is ready to retire. The business, located in a desirable community in the upper peninsula of Michigan, is fully certified and licensed and specializes in the repair and maintenance of both domestic and foreign vehicles.
The business is housed in a 6,000 square foot, stand-alone facility in a convenient retail corridor. The business employees eleven people (in addition to the full time owner) – a full time manager, five experienced and knowledgeable full time technicians and two service writers. The seller, an excellent mechanic in his own right, only occasionally turns a wrench these days, focusing instead on administrative duties, customer relations and quality control.
The shop offers complete automotive service including diagnostics, full auto repairs, scheduled and warranty required maintenance and vehicle inspections. The business specializes in higher end vehicle repair and is a recognized dealer alternative for major and minor repairs.
The business generates annual revenues in excess of $1,300,000 with nearly $260,000 of SDE (the historical, normalized cash flow available for an owner/operator to pay himself and service debt). The business is being offered for $795,000, a price which includes more than $200,000 of fixtures, machinery, and equipment, including a company vehicle. Inventory, currently at $15,000, must be purchased separately. And for a financially qualified buyer with strong skill sets the seller will carry a significant note.
To learn more about this attractive business, please contact Tim Carter. email@example.com or 616-560-1080).
Location(s): Northern Michigan
Asking Price: $795,000
Cash Flow: $260,000