Auto Repair Shop For Sale in Affluent Boston Suburb
Owner's Cash Flow Almost $300,000
Norfolk County, Massachusetts
Listing Number: 1591
Asking Price: $450,000 (+inventory)
Gross Revenues: $1,248,000
Cash Flow: $300,000
This auto repair shop has enjoyed decades of success in the same location in this affluent community. Being sold for retirement, it presents an opportunity for the buyer to step into a smoothly operating business that has generated an excellent income. The shop has an excellent reputation and active marketing program. It is also a Massachusetts inspection station, servicing about 150 vehicles a month. This is a source of revenues and new customers. Most of the shop’s customers regularly return when in need of services, and many of the company’s customers refer additional business to them.
The business provides maintenance services such as oil changes (drop off or while you wait) and more advanced repairs such as engine and transmission replacements. The shop is in a highly visible and easily accessible location, with a train station nearby. The shop services both foreign and domestic automobiles and has a reputation for providing timely repairs at a fair price.
The business has excellent equipment. It has the latest automotive scanner for diagnosing vehicles as well as the most recent Massachusetts inspection workstation.
The price for the business is $495,000 with assumption of 1 equipment lease totaling $130 per month. The inventory would be additional.
Facilities: The business leases about 4,000 SF of space. This includes 6 bays, a customer reception area, and break room. The rent totals approximately $5,950 per month. The property is not for sale.
Growth & Expansion: The space has the capacity to handle $300,000 to $500,000 more in revenue per year. In order to increase revenues to this level, the business needs an additional technician and additional marketing.
Employees: 6 FT; The owner works full-time in the business. The business employs 4 automotive technicians, a service writer, and bookkeeper.
Financing: SBA financing with a 10% to 20% down payment should be available to qualified buyers.
Support & Training: The owner will work with a buyer to enable him to take over the business.
Reason Selling: Retirement