Located in a great location on a major street in Tri-cities, this business has been serving customers in this location since 1997. They offer full auto repair and regular maintenance to retail customers and a few fleet accounts. They fix engines, transmissions, heating and A/C, brakes, suspensions, perform alignments, and even install tires. Their work is done by certified mechanics and backed by good warranty, resulting in satisfied and repeat customers. They have a good reputation in the community. 4.1 stars on Google, 4.6 on Facebook, and 4.8 on Carfax with many reviews.
Revenue has exceeded $1.1M in 2022 and the business has enjoyed up to 25% profit margin last year, while the industry average is 19.6% according to a database of businesses funded by SBA loans. Seller has been taking at least 30 weeks off per year in the last few years, relying on the employees to run the shop. This business operates with 3 certified mechanics and a service manager, part-time bookkeeper, and the owner, who handles general managerial duties when present. Business can be further increased with some changes, but the seller has worked in it for the last 25 years and is ready to retire from it.
The facility is a well-kept 4,176 SF shop with 7 bays, 6 lifts, and a tire machine, situated on a 0.8 acre lot with lots of parking space, making it easy for cars to pull in off the street and get estimates and service. A small area in the corner of the lot is used by a food truck that will continue to operate there. Seller owns the building and plans to keep it. Rent will be offered at $8,000 per month plus NNN, which totals $8,980 plus maintenance (TBD). Seller financing is available. This is a rare opportunity to buy a profitable, established shop in a great location.
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First Choice Business Brokers
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.
The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read First Choice Business Broker, Terms of Use before responding to any ad.
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Located in a great location on a major street in Tri-cities, this business has been serving customers in this location since 1997. They offer full auto repair and regular maintenance to retail customers and a few fleet accounts. They fix engines, transmissions, heating and A/C, brakes, suspensions, perform alignments, and even install tires. Their work is done by certified mechanics and backed by good warranty, resulting in satisfied and repeat customers. They have a good reputation in the community. 4.1 stars on Google, 4.6 on Facebook, and 4.8 on Carfax with many reviews.
Revenue has exceeded $1.1M in 2022 and the business has enjoyed up to 25% profit margin last year, while the industry average is 19.6% according to a database of businesses funded by SBA loans. Seller has been taking at least 30 weeks off per year in the last few years, relying on the employees to run the shop. This business operates with 3 certified mechanics and a service manager, part-time bookkeeper, and the owner, who handles general managerial duties when present. Business can be further increased with some changes, but the seller has worked in it for the last 25 years and is ready to retire from it.
The facility is a well-kept 4,176 SF shop with 7 bays, 6 lifts, and a tire machine, situated on a 0.8 acre lot with lots of parking space, making it easy for cars to pull in off the street and get estimates and service. A small area in the corner of the lot is used by a food truck that will continue to operate there. Seller owns the building and plans to keep it. Rent will be offered at $8,000 per month plus NNN, which totals $8,980 plus maintenance (TBD). Seller financing is available. This is a rare opportunity to buy a profitable, established shop in a great location.
Financial Information
Gross Revenue:
Listed Price:
Down Payment:
Total Income:
Year Established:
Lease Information
Square Feet:
Total Rent:
Lease Expiration:
Lease Options:
Asset Information
Leasehold Improvements:
Equipment / Fixtures:
Inventory:
Other Assets:
Additional Information
Full-Time Employees:
Part-Time Employees:
Special License Required:
Contract Staff:
Training Period:
Reason for Selling:
First Choice Business Brokers
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.
The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read First Choice Business Broker,
Terms of Use before responding to any ad.