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Auto Repair Shop - Absentee Owner Cash Cow

King County, WA
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Asking Price:$495,000
Gross Revenue:$1,548,682
FF&E:$100,000
Cash Flow:$161,585
Inventory:$10,000
Listing ID: 2315714Listing provided by BizBuySell
BUSINESS DESCRIPTION

Having been established for several decades, this is a profitable auto repair shop in a prime location in King County. The owner runs it completely absentee. Staffing consists of 1 service writer and 3 experienced automotive technicians. The auto shop works on all makes and models of European and domestic vehicles, providing a full range of mechanical repairs including oil changes, 30,000 / 60,000 / 90,000 mile services, brakes, diagnostics, electrical repair, engine repair, transmission repair, HVAC service, and many others. The shop works on approximately 50 cars per week on average with an average repair order (RO) amount of approximately $650. This is a rare opportunity to take over a profitable, completely absentee cash cow and grow it to the next level.

DETAILED INFORMATION
Location
King County, WA
Inventory
Not Included in asking price
Real Estate
Leased
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The shop has a prime location that is close to some of the Puget Sound region’s major employers. Due to the highly confidential nature of this listing, more details can be revealed after signing the NDA and passing the broker’s buyer qualification process.
Competition
This is a business that can be run by anyone with good business management skills. The owner does not know how to fix cars. The business is run completely absentee with the seller spending less than five hours per MONTH reviewing financials and overseeing marketing. The business has decades of excellent reputation in the community and strives to set itself apart with excellent service and quality repair done by highly experienced technicians.
Growth & Expansion
The seller has moved out of the country and has been focusing his energy on other business projects and has not spent the energy to maximize the potential of this auto repair shop. A more hands-on owner could watch everything more closely, focus on marketing, and grow this business to the next level.
Financing
Cash at closing. Broker can assist buyer with bank financing.
Support & Training
Details negotiable.
Reason for Selling
Retirement.
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Aaron
Muller
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Aaron Muller
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