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Details - Information last confirmed on March 7, 2021
Founded in 1997, this full-service, general automotive repair and maintenance operation has a large and well-established customer base. The business is centrally located on one of the busiest streets in Phoenix. The shop currently has 4 indoor and 5 covered outdoor bays, 4 full lifts and 2 half lifts as well as ample parking for as many as 60 vehicles. The property is owned by the Company’s current owner, who will provide a long-term lease at market rate and terms to the buyer of the business.
This Company has an excellent reputation among its satisfied customers leading to significant repeat customers and word of mouth referrals for new customers. The shop’s location on a busy street also provides significant exposure to potential new customers. As a result, the Company has not had to implement traditional advertising or promotional activities to grow or maintain its business and has minimal expenses for advertising/promotion. A new owner could add a business website and a social media presence and utilize other marketing strategies for advertising and brand building. A new owner could also expand the days/hours of operation and add additional services such as tire service and alignments. This business is an exceptional opportunity for an existing local operator to add a new location, for an experienced mechanic to open their first shop or for an out-of-area qualified buyer to acquire a strong business in the growing Phoenix market.
The Company’s business has been only moderately impacted by the COVID pandemic. General vehicle usage has declined throughout the U.S. as many people are working from home and this reduction has naturally had the effect of delaying mileage related maintenance and service work for the auto repair industry. The Company’s revenues for 2020 were 8.1% lower than 2019.
This acquisition has been pre-qualified for SBA financing: 10% Down Pymt/10 Year Term/Fixed Rate
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