This full service auto repair business is a 30-year-old turn-key operation ready for an owner-operator to give it the attention it deserves. Currently operated by a semi-absentee owner, it generates average annual sales of $185,000. With a down payment of only $40,000, the seller will finance the rest over 36 months for a qualified buyer.

After SDE add-backs, the business is marginal. There is a large database of existing customers. Furniture, fixtures, and equipment (FF&E) are estimated to be worth $50,000.00.

The business operates in leased premises, at a monthly net cost of approximately $2,500.00. The landlord is open to negotiating a long-term tenancy at a comparable rate.

The Transaction The deal structure will be a sale of all assets (including all physical assets, trademarks, good will, name, customer records, etc.,) except accounts receivable, accounts payable, and cash on hand. Inventory will be included at actual cost. The asking price is $129,900; but the seller can be flexible for a quick cash deal. With a $40,000 down payment, the seller will finance the balance over 3 years for a qualified buyer.

The Seller is very open to a reasonable transition period in order to assure that the new owner is fully trained and that existing business is retained.

Posted Feb 26, 2016

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