Details - Information last confirmed on February 23, 2021
Here is your opportunity to get into the tried and true Automobile Service and Repair Industry, without having to know much about cars or go under the hood. This business stands out in its community as a very consistent and high-quality operation that will transcend most auto mechanic shop owners’ expectations.
With its semi-absentee ownership arrangement, employees have a clear understanding of their functions, and the current owner works 4 hours or so, a day greeting customers. The facility is poised to scale, consisting of 9 bays, a clean environment, OSHA approved equipment, and solidifies an environment that helps to automate operations.
This is a great fit for an acquisition by another auto services related company, a mechanic, or individual looking to finance a his/her way into an existing business (with a working proven concept) that has a very nice cashflow benefit to support an SBA loan.
The average Seller’s Discretionary Earnings for the past four years is $175,022. Although COVID did reduce the revenue and net earnings slightly, THIS year, so far is shaping to become a normal/truer representation of the average annual net earnings of around $198,000 and $1,131,000 in annual sales.
The owner would like to hold on to the property to reduce his tax implication, and have a source of recurring rental income during his retirement. But he would gladly like to sell the property to the tenant (the new owner of the business) first, before soliciting other interested parties. With that said, he is offering a land contract / seller financing on 60% of the purchase price of the business.
Located in Racine / Walworth County, WI
You are encouraged to request information and learn a bit more about this great business.
The listed price is subject to change at the end of third quarter 2021 if revenues continue their current trajectory.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.