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Aug 15, 2018 — Motivated owner forced to sell this highly regarded European automotive repair shop due to unexpected relocation. Business has a solid and growing roster of referral partners and has been growing steadily year over year. Includes all FFE at a replacement value of $50,000.00. which is included. Handles non-Euro cars as well, but all of the VW, Audi, Saab, Mercedes, BMW etc...owners and even the dealers seek this repair shop out for solid work, solid pricing, and great overall value for the customer. Has 3 employees (mechanics, receptionist) that can be retained, as this is not an owner-operator operation. Has all invoices for financial due diligence verification of gross sales, and with minimum overhead, this is a cash cow for the owners. NDA is required to do a drive-by and if you want to schedule an appointment to speak to the Seller outside of normal business hours.
Facilities: Fully built out, turnkey, all tools save Seller's personal tools and supplies needed. Hoists, computers, plenty of workspace, Seller has an immaculate shop and has pride of ownership.
Competition: Auto repair is fickle, but this Seller has groomed the surrounding community to define this shop as the go-to expert for European automotive issues. Even dealers send him work.
Growth/Expansion: Business gets great reviews and reputation is rock solid. However, the owner has admittedly mismanaged his employees and hasn't run the business very efficiently. A new owner with better management skills could significantly grow this business into something substantial.
Financing: $195K down and $200K to be seller-financed at a rate of 5% for 48 months. Monthly payments to be $4,606.
Support/Training: 8 weeks at 20 hours per week
Reason Selling: Relocation.
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