The owner of this 20 year old high cash flowing business has been primarily absentee, concentrating his efforts on other businesses. He has now reached the point where he wants to consolidate his resources more fully on his other endeavors, and as such he plans to transition his successful mid-Michigan full service car and light truck repair business to a new owner-operator. His career decision could be your opportunity.
The company occupies an (approximately) 5,000 square foot fully equipped facility (included in the listing price) on the main street of a desirable and growing city. The building has two drive-through bays dedicated to oil changes and four bays used for auto and truck repairs. Two fully accredited and highly skilled mechanics are commission based while two hourly employees manage the oil change activity. Open normal business hours (no nights and limited Saturday hours), the business does all general automotive repairs with specialties in alignments and brakes.
The past three years, average revenues exceeded $800,000 with $860,000 recorded in 2016. Over the same period SDE (seller’s discretionary earnings – the historical, normalized cash flow available for an owner-operator to pay himself and service debt) has averaged an impressive $200,000.
The business (including all equipment) and real estate combined are listed for $449,000, a very attractive 2.5x multiple of SDE. In addition, to help an energetic, undercapitalized buyer, the seller could offer a meaningful seller note.
For more information on this excellent business opportunity, please contact Joel Hekler at firstname.lastname@example.org or (517) 719-6401.