Auto Services - Revenues over $4 Million in Southern New Hampshire For Sale
Business with Real Estate For Sale
Southern New Hampshire
Listing Number: 1639
Business Asking Price: $795,000 (plus inventory)
Real Estate Asking Price: $1,600,000
2019 Gross Revenues: $4,600,000
2019 Cash Flow: $303,000 (After the cost of a mortgage and other property costs)
This is a great opportunity to own an automotive services business with real estate. From multiple income streams, this business generates over $4,000,000 a year in revenue. With over 15,000 square feet of space on a large lot, there is plenty of room for expansion. This business has enjoyed decades of success in the same location in this 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 New Hampshire inspection station. This is a source of revenues and new customers. The business services over 500 vehicles per month. 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 techs are highly trained, and the business and techs have several industry certifications. The business does work through its affiliation with AAA. It has relationships with other businesses, and retail customers that generate a steady stream of income. The shop is in a highly visible location on a busy road and is easily accessible. The shop services both foreign and domestic automobiles and has a reputation for providing timely service at a fair price.
The owner wants to sell the real estate, rather than lease it so he can retire. The business pays all the property expenses except the mortgage which the owner pays out of the rent payments from the business.
Growth & Expansion:
The space has the capacity to handle $1,000,000 more in revenue per year. In order to increase revenues to this level, the business needs additional technicians and additional marketing.
Financing:The price for the business is $795,000 and the price of the real estate is $1,600,000. It is expected that a qualified buyer can obtain an SBA 7A loan on the business with a 10% down payment and a 504 loan for the real estate with 15% down.
Support & Training: The seller will provide training and support to ensure a smooth transition.
Reason Selling: Retirement