Details - Information last confirmed on December 1, 2020
Located in Central Illinois, this business is a long-standing, professional provider of high quality auto repair, and maintenance services. The comprehensive automotive repair services include alignments, and computer diagnostics, with additional revenue from automotive maintenance services, such as oil changes, engine repair, and fluid exhcanges. This is a text book definition of a “Full Service Shop”. Conveniently located and accessible to customers, this 6,000 SF service center has 8 bays with four overhead doors and 1,000 square feet of office and customer waiting space. Valued around $400,000, the property is included in the sale price! Company awareness comes from repeat business and strategic marketing through longevity, presence with the nearby university, SEO, and other industry specific marketing tools. While the majority of business comes from residential clients, approximately 15% is from commercial service accounts, with more employees, additional fleet accounts would be a great expansion opportunity. With a proven track record, they stay ahead of market trends, new technologies, and changing trends in the types of automobiles, service schedules, and the latest in mechanical techniques and equipment. As an approved AAA service provider, customers utilize insurance, assistance, and AAA service agreements, giving them a strong presence in the market and capitalizing on repeat business. In 2019, the total revenue was $757,257, with Seller’s Discretionary Earnings of $159,808. The company continues to have strong revenue growth and profits year after year and shows no sign of slowing down with sales surpassing original projections with over $900k. Managers are in place and the ownership is willing to stay on for a flexible transition period.
Includes Equipment of $250,000 rounded value, average Inventory of $10,000 and Real Estate with additional lots available!
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