Nov 20, 2019 — Auto Repair Business - Luxury Vehicle Repair Shop
This independent dealer was established in 1988 to provide after warranty repair service and maintenance of Mercedes Benz vehicles to factory standards. The business has a proven history of profitability and the owner completed succession planning by hiring a Service/Shop Manager in 2017.
Established as a top after warranty maintenance and repair service for more than 30 years.
- Presently occupying 5,535 sq. ft and could expand to 8,600 sq. ft in the owner-occupied building with a separate tenant on a 1.6 acre site in which it is located.
Growth / Expansion:
- Adding service and repair on other European imports
- Adding the sale of pre-owned Mercedes Benz and other high-end imports
- Adding tire sales
- Adding vehicle detailing
Asking Price: $950,000
Gross Revenue: $986,300
SDE Cash Flow: $248,000
Inventory Included: Yes
Inventory Value: $85,000
Square Footage: 5,535
Is this a leased space? Yes
Monthly Rent: $6,457
When does lease expire? Early 2020 with option to renew
Years in Business: 1989 / 30 years
Number of Employees: 8 (approx)
Owner willing to train? Owner is willing to train.
Reason for selling: Owner is retiring.
Any images used for this posting may not be a representation of the actual Business or Property for sale