Description

With a down payment of only $70,000, the SBA will finalize the sale of this high-profit auto repair business. While automotive experience is a plus, strong management skills are a priority for this acquisition.

This SBA-loan-approved business has a 25-year history of strong customer retention and is located in an excellent, newly developed residential area.

Key Highlights:

  – Facility: Approximately 3,000 sq. ft. well-maintained shop featuring four lifts, a roll-up door, a storage loft, and a clean reception area.
  – Location: High-visibility site with ample front and rear parking.
  – Financials: Exceptionally low rent of $1,500 per month with 4.5 years remaining on the lease. Current inventory is valued at approximately $2,000.
  – Staffing: Currently operated by the owner and two employees.
  – Operations: The shop services all makes and models, excluding German vehicles.
  – SBA Note: Please be advised that the SBA will not approve a dramatic change to the business model, such as a conversion to a tire shop.

Financial Performance (per Tax Returns):

  – 2024: Gross Income: $436,000 | Net Income: $220,000
  – 2023: Gross Income: $497,000 | Net Income: $227,000
  – 2022: Gross Income: $536,000 | Net Income: $264,000
  – 2021: Gross Income: $554,000 | Net Income: $207,000

The business maintains excellent ratings, and the owner is now looking to retire. Please let me know if you would like more information or if you wish to schedule a time to discuss this opportunity further.

Business Information