50+ Year Legacy Auto Repair & Service Shop
| Asking Price: | $1,000,000 |
| Gross Revenue: | $1,299,233 |
| FF&E: | $150,000 |
| Established Year: | 1960 |
| Cash Flow: | $388,969 |
| EBITDA: | $388,969 |
| Real Estate: | $550,000 |
Opportunity To Acquire Family Owned, High-End Auto Shop In Florida
NOTE: Apply via Bizbuysell
Link to CIM: https://docsend.com/view/eqtk7gwudewirvfi
BUSINESS DESCRIPTION
Opportunity To Acquire Family Owned, High-End Auto Shop In Florida
This is a rare opportunity to acquire a well-established, high-end auto shop in Florida with a rich legacy dating back to the 1960s.
The business’s strong reputation, specialized capabilities, and loyal customer base make for a strong and profitable foundation for the Future Owner.
The company maintains an Average Repair Order (ARO) that is 30% above market per car in Florida due to the specialized work the Auto Shop completes.
For labor, the Company is able to generate this revenue while charging 30-50% less on labor-costs when compared to local dealerships in the area.
For optimization, the Company only works during the weekdays at the moment. There is an opportunity to add weekend hours with an expanded staff to increase revenue.
With additional optimization and marketing, this shop can continue to maintain strong profitability and serve its loyal customer base.
There is potential to capture upside starting Day 1 on an already profitable company.
KEY HIGHLIGHTS
ESTABLISHED LEGACY & TRUST
- Family owned business over six decades, 60+ years of operating history
- Tradition of excellence, integrity and high-quality service
REASON FOR SELLING:
- Owner retiring after 50+ years Owning and Operating the business
REVENUE STREAMS
- 30-40% from routine services
- 60-70% from high-margin, specialized jobs (Engine, Transmission, Electrical, Suspension work)
HIGH-MARGIN
- Average Repair Order (ARO) 30% above market price
SERVICES & OFFERINGS
- General Repair
- Electrical Diagnostics
- Preventative Maintenance
- Vehicle Inspections
- Brake Repair
- AC Repair
- Transmission Repair
- Diesel Repair
- Alignment
- Engine Repair and Swap
PROFITABILITY
- Long-term history of profitability and cashflow generation
- Consistent financial performance with ample room for growth through optimization and marketing
LOCATION
- Strategically positioned in a high-visibility area in Northeast Florida
SPECIALIZATION
- Advanced diagnostics and complex repairs other shops can’t handle
- Growing demand due to longer vehicle ownership periods, necessitating more complex maintenance and repairs
- Increased complexity of modern vehicles boosts demand or sophisticated diagnostic services
GROWTH & OPPORTUNITY
- Little to no professionalized marketing efforts completed to-date, word of mouth relied upon
- Opportunity to add weekend hours to Repair Shop with expanded staff to increase revenue. Right now only open 5 days a week.
- Labor rates are 30-50% below dealerships in the area, room to explore increase labor rates without price gauging and maintain loyal customer base
REAL ESTATE
- Owner owns the underlying Real Estate
- Willing to negotiate a lease or explore sale of the property to the new owner
- Appraisal in process to determine value of real estate
