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Profitable Established Auto Care Center With Strong Growth Potential - $350,000
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Located In a High Traffic Area Over 30K vehicles pass by each day
Owner has reached retirement age, and is looking for the right individual to take over this profitable business and will train and teach how to operate if needed...
This is a well run well organized profitable turn key business operation that is a "one stop shop" from auto repairs, computer diagnostics, to transmission repairs and a NYS Inspection Station. After 40 years of success owner is retiring. This auto center is a well oiled machine, its's annual revenue has grown thru the years with a solid cash flow. It has a strong customer base and a personalized approach to customer service. The shop has 24 hour surveillance that you can view and play back from your smart phone from anywhere and holds recordings up to two weeks, along with a central station alarm system with police response. The building size is 3,100 sq. ft. along with a storage area that is directly in back of the shop and is also 3,200 sq. ft. The parking lot surface is maintained and accommodates several parking spaces. This large automotive facility has four bays that are all relatively new, ranging from 5k pounds up to 18k pounds of lifting capacity, oversized trucks are accommodated on our end lift. We recently completed an LED lighting upgrade that provides a monthly 20% utility savings, as well as a maintenance savings, and better lighting the facility inside and out. We recently purchased a dual refrigerant A/C machine. There is a climate controlled waiting room that can seat up to six people with WI-FI, TV, and a clean restroom at all times. The shop is heated by a Lanair heater that is fueled by used motor oil, so there is "NO COST" of heating fuel to heat the shop with a cost savings of approximately $5K per year. There is also an 80 sq. ft. clean private furnished office that is separate from the waiting area. Besides the owner the business has two experienced technicians one of which is a highly skilled transmission rebuilder with over 40 years experience. We have a list of customer base that stem from wholesale accounts, town accounts and commercial accounts, as well as first time customers (averaging 10-15 new customers per month) and continuous repeat customers. We also provide a pick up and drop off service for convenience to all of our customers. We have a five star rating with great reviews on the internet, and advertise on Google, Instagram, Facebook, and Open Bay (an online market place for auto repairs) that receives numerous calls each day. This business has a very attractive website that is professionally maintained, monitored, and updated on a monthly basis that receives approximately 200 page views per month. We also maintain a strong business relationship with other auto care facilities in the area and receive referrals from them. We are also an authorized UHAUL dealer and an ignition interlock facility that provides monthly required calibrations mandated by DMV for individuals that have been involved with DWI's, these services provide additional revenue and customers for vehicle repairs. This Auto Care Facility has been in the same location for 40 years and has become a land mark. The owner is currently collecting $3550 each month with renting space. Since this location is in a high visibility area, becoming a car dealer would be ideal!
Detailed Information:
Location: Suffolk County, NY Inventory: additional to sale price, Real Estate: Leased Building SF:3,100Lease Expiration:5/25/2030 With option for a 10 year renewal. Employees: 3, Furniture, Fixtures, Equipment Included in asking price Facilities:We have 5 years remaining on the lease with the option to renew for 10 years.Competition:We are in a prime location, Suffolk County, NY with over 30k vehicles passing by each day. The competition does not effect this business because we are a one stop shop and our customers and the community population have used our services or have been passing by the same location for many years knowing who we are. Our customers choose this shop for its quality of work and the best customer service that we provide. We have a client base that understands the value of quality work along with our competitive hourly rate and keeps them coming back. Growth & Expansion: This business has a tremendous amount of opportunity for further growth. Within the past few years the current owner has provided a 25% revenue growth due to making the right business decisions, the road is paved for next owner to continue growing the business. The 3,200 sq. ft. fenced in yard in back of the shop can be utilized for other revenue. You also can add several other services to this business such as used car sales, painless dent removal, after market accessories etc... the possibilities are endless... The business nets 195K annually Financing: 250K down Finance 100K for 5 years @ 7% interest, Support &Training: The owner is willing to stay on for a transition period to be agreed upon, after which he will be available, if needed, on a consultation basis. Reason for Selling: The owner has reached retirement age.
***AN NDA IN REQUIRED TO BE FILLED OUR PRIOR TO DISCLOSING INFORMATION ABOUT THE BUSINESS***
If interested, please call show contact info (calls only will not reply to text messages)
Thank you for your time and interest!!