The Company is a full-service preventive maintenance and auto repair center. The Company has been performing high quality, guaranteed auto, SUV, and truck repairs since 1950. The Company services and repairs all imported and domestic cars and trucks. In 2015, revenue was derived from parts (43%), labor (41%), gas and oil (5%), tires (2%), and other (9%). The Company serves individual retail customers with no individual customer representing more than 1% of total revenue. With an active customer base of approximately 1,600, the Company has an 80% rate of repeat business. The Company has not significantly advertised aside from yellow pages listings and direct mail. The Company's core base of customers has grown through word of mouth.
• Management in Place; Ownership Will Remain through Transition: The Company has a full-time shop manager, and the owner is willing to stay with The Company during a transition period in order to ensure a seamless transfer of ownership.
• Diversified Customer Base: No single customer accounted for more than 1% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account.
• Superior Name and Reputation: In business for over 65 years, and at the same location for almost 45 years, the Company is well established with name recognition, and a large and loyal repeat customer base.
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