Long time established full-service automobile service, repair and inspection station for sale. The business has also sold used cars for many years. The owners desire to retire after owning and operating this business since 1986.
The facility, located on a 1.38 m/l acre tract, is located on a well-traveled road with excellent ingress and egress. It was a gas station when constructed in the 1960’s, but the gas tanks have been removed and there is a closure certificate on the tank removal.
There are 3 bays with 3 lifts which were installed in 2014 and 2017(2). There is an office that is used for customer service for used car sales and where customers pay their repair and service bills.
There are many businesses and residential developments close by who provide a steady flow of business. This business is the repair and service shop of record for some businesses close by who regularly have their business vehicles serviced and repaired here.
As the owners have moved towards retirement, they have cut back the hours of operation, with the owner doing all of the work. They also have been less active with used car sales, primarily now just buying and selling used cars as offered to them by individuals wanting to sell a car, versus proactively buying cars for inventory at auctions and from dealers. They do no advertising and rely on word of mouth, repeat customers, and their excellent location to attract customers.
The potential is to expand hours, expand services, revive the used car sales, and advertise the long-time excellent reputation and convenient location.
This is a turnkey acquisition opportunity including the building, equipment, name, and all business assets. The owner will assist with a successful transition to a new owner. Selling price $495,000.
2019 sales: $314,000
2020 sales: $130,000 (projected) – Impacted by Covid and expected to bounce back
Owner’s compensation: $80,000+ (estimated)