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Full Service Auto Repair

New Listing 

$450,000.00

  • Featured Listing : No
  • File No. : C2508
  • Location : Western Wayne County Suburb
  • Down Payment Option : $150,000 (or SBA Financing)
  • Monthly Payment : $5,478.21
  • Financing Interest Rate : 6%
  • Financing Period : 84 months
  • Gross Sales : $1,032,960
  • Source of Financial Info : 2018 Tax Return
  • Cash Flow : $178,551
  • Total Inventory : $10,000 +/-
  • Days Open : 7 days
  • Hours of Operation : Mon-Fri 7am-9pm, Sat 8am-5pm, Sun 9am-5pm
  • Parking : ample
  • License Requirement : Auto Repair
  • Year Established : 2000
  • Year Acquired : 2000
  • Monthly Rent : $6,000 Gross
  • Real Estate Price : NA
  • Real Estate Purchase Terms : NA

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. Year-to-date 2019 sales through July are up 10% over 2018. Fleet accounts were 12% of 2018 sales. Seller’s discretionary cash flow per 2018 Income Tax Returns was $178,551 to an owner-operator who replaces one of the two managers. 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.

Contact details

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