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Independent Auto Repair Business with Real Estate

Winchester, VA

Seller Financing Available

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Sale Pending
Asking Price:$1,850,000
Gross Revenue:$680,000
FF&E:$70,000
Cash Flow:$164,000
Inventory:$8,000
Real Estate:$1,600,000
Listing ID: 2188978Listing provided by BizBuySell
BUSINESS DESCRIPTION

Long-established and profitable auto repair service center. Auto-Tech Service Center is independently owned (not a franchise) with loyal customer base. Two separate buildings comprising about 15,000 SF of space on a little more than 1 acre of land. Currently 10 lifts and the facilities can accommodate 14+ lifts if needed. Suitable for Virginia State Inspections. Property is currently multi-tenant, but can be single-tenant (owner operator). Auto Repair numbers are based on the current owner's business and not the added rental income from the other tenants. Rental income is added to the cash flow figure. All buyers must provide a satisfactory Personal Financial Statement and sign our NDA before further details can be provided. Seller financing available to qualified buyer.

DETAILED INFORMATION
Location
Winchester, VA
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
14,900
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Almost 15,000 SF of space. Building #1 is about 11,700 SF, of which the owner-operator uses approximately 8,000 SF. Building #2 is about 3,200 SF and has been updated recently. Plenty of off street parking, including ample secure parking. FF&E includes 10 lifts. A F550 Rollback can be purchased separately.
Competition
Located in an area with many auto repair businesses. Owners of vehicles in this region typically keep their vehicles longer, and thus maintenance and repair is healthy.
Growth & Expansion
Opportunity to expand current footprint in the existing real estate. Tech to Lift ratio can be improved with the addition of more techs. Current owner does almost no marketing.
Financing
Seller to be first-priority lienholder. 20-25% down, 6% interest, 20-yr amortization,
Support & Training
30-days transition available, otherwise negotiable.
Reason for Selling
Retirement
BUSINESS LOCATION
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Eric
Kronenwetter
Re/Max Roots
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Eric Kronenwetter
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