Business Description
Custom Facility in Highly Visible, High Traffic Location
Automotive repair shop offering general service and repair for vehicles, including cars, trucks, and fleet vehicles. This company was established over three decades ago. Real estate price of $2,440,000 based on appraisal conducted August 2023.
Financial Summary:
• Jan-June 2023 Revenue: $603,367 | SDE: $80,799
• Jan-June 2022 Revenue: $496,338 | SDE: $33,007
• 2022 Revenue: $1,065,070 | SDE: $118,057
• 2021 Revenue: $1,077,791 | SDE: $174,519
• 2020 Revenue: $911,439 | SDE: $111,993
Note: Owner looking to sell the real estate and the business (owner not interested in a lease). Seller's Discretionary Earnings (SDE) calculation factors in market rent per recent appraisal.
Certified technicians, high quality equipment, and proven systems and processes differentiate this company from competitors in the market. The shop offers services on all makes and models of vehicles and has been at its current location for over 30 years. The business is set up as a turn-key purchase in a reliable industry with several growth opportunities.
Facility was custom-upfitted with automotive repair in mind. Freestanding building features ample parking, repair bays, high ceilings, and lifts with capability up to 25,000 pounds. This is a great opportunity for someone looking for a profitable operation with no change needed.
Clean books and records with software, systems, and management in place to ensure easy transition to new owner.
This Raleigh-area automotive repair shop is presented by MidStreet, North Carolina’s leading brokerage for small to mid-size companies. MidStreet has provided buyers and sellers with unsurpassed deal expertise for the past 20 years. For more information on this business for sale contact inquire at the form on this page.
Buyers must demonstrate financial capability. More information available upon initial interview and signing of a non-disclosure agreement.
INVENTORY
Included in asking price.
EMPLOYEES
6, consisting of service advisor, technicians, and administrative staff.
Furniture, Fixtures, & Equipment (FF&E)
Included in asking price.
Facilities
The company operates the business from a custom-upfitted, standalone facility that is strategically located with easy access to the market it serves. The building features ample repair bays, office space with safety and security systems in place, and a waiting room for customers. Pricing based on Aug 2023 appraisal. Real estate offered by MidStreet Realty.
Competition
Limited competition does exist, but this company differentiates with a dedication to quality service, credentialed staff, and proven systems.
GROWTH & EXPANSION
Numerous growth opportunities are available that could have an immediate and significant impact on sales – contact broker for details.
Support & Training
Onsite transition support and call/email support will be made available and are included in the purchase price.
Reason for Selling
Retirement.
