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This 10 lift – 20 service bay shop has an impressive volume of work and has many, many years. Consistent and established business. Built on referrals, repeat business and some very lucrative business and government contracts. Excellent opportunity.

YTD 5/1/2013 – Sales $309,948 / Profits $131,020

2012 Profits, $254,482

2011 Profits, $302,259

2010 Profits, $294,532

During the winter, the shop keeps busy with business and residential snowplowing work. A new owner should have good customer service skills and a knowledge of the automotive industry but does not need to be a mechanic. The real estate is valued at $475,000. Real estate includes over 11,000 ft of commercial property.

Optionally, the owner is willing to arrange for a long term lease. A local major bank review and term sheet has been completed. A qualified buyer should be prepared to demonstrate liquid investment capital of at least approximately $150,000 for the business purchase and another $50,000 for the acquisition of the real estate.

MBBI Member
Asking Price
$975,000
Gross Revenue
$810,055
Cash Flow
$254,482
Is this a franchise?
No
Home Based?
No
Can the business be relocated?
No
Number of Employees
4
Year Established
1986
Seller Financing Available?
Will consider. Major bank has reviewed financials and issued a term sheet. Willing to finance purchase of business and real estate to a qualified buyer.
Facilities
11,000 ft of commercial property
Reason for Selling
Retirement
Management Support
Owner will help buyer transition into the business.
Real Estate Included?
No
Real Estate Value
$475,000
Equipment Value
$0
Inventory Included?
Yes
Inventory Value
$10,000
FF&E (Furniture, Fixtures & Equipment)
$200,000
Name
Ken Demske