Full Service Auto Repair

File# C2508
Location: Western Wayne County Suburb
Business Price: $525,000
Down Payment: $150,000 (or SBA Financing)
Monthly Payment:$5,478.21
Interest Rate: 6%
Amortization Period:84 months
Gross Sales: $1,032,960
Source: 2018 Tax Return
Cash Flow: $178,551
Source: 2018 Tax Return
Inventory: $10,000 +/-
Days Open: 7 days
Business Hours: Mon-Fri 7am-9pm, Sat 8am-5pm, Sun 9am-5pm
Seats: NA
Parking: ample
Licences Required:Auto Repair
Year Established:2000
Year Acquired: 2000
Building Price:$525,000
Building Terms:Cash

Profile:

This listing is Very Confidential.  Absolutely no information to be given unless the buyer is first qualified financially and otherwise and signs our Confidentiality Agreement.

 

This is a very well established, full service auto repair center located in a desirable, western Wayne County suburb.  It was established in 2000 by the current owner who after nearly 20 years is now ready to sell.  Sales are consistently near or over $1 million dollars.  Seller’s discretionary cash flow per 2018 Income Tax Returns was $178,551 to an owner-operator.  Seller is absentee and the business is run by two, full-time general managers who have been with the company for 15+ years plus one salaried mechanic who earns $1,000 per week, 3 other full-time employees. General Managers earn approx. $70,000 each in salary + bonus. One mechanic earns $1,000 per week + 3 shop employees earn $16-$16.50 per hour.  Seller currently leases the employees through a leasing company. This business is perfect for an owner-operator and could support two partners. The business is eligible for SBA financing to a qualified purchaser.  The building is for sale or lease with the business.

All showings must be scheduled after the business is closed and the employees have left.

 

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This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.