Mechanic Shop
Asking Price: | $300,000 |
Gross Revenue: | $480,000 |
Cash Flow: | $192,000 |
Well established owner operated mechanic shop
This listing is for all auto mechanic industry entrepreneurs. I have a seller who has been doing business in Sonoma County for the last 20 years, and is ready to retire. This shop is located in the center of all new and used dealerships in the area and has a long list of established clients. Business is so good, that the seller is scheduling appointments months in advance, while only accepting emergency appointments at this time.
Size:
The shop is 2000 square feet of working space with three hoists and enough space to work on 10 cars at a time. There is an outdoor area where another 3-4 cars can be wrenched on for smaller jobs. The shop includes an office, a 6-8 person waiting area, and an 800 square foot parts room as well. Above the shop sits a two bedroom, 1 bath with shower apartment, ideal to live on sight as well. The lease is $3950 a month which includes triple net and can be extended every five years. The landlord is lenient with the lease, as long as enough notice is provided.
Sales:
Business has been growing every year, mostly due to word of mouth marketing. The shop grosses approximately $500k annually and nets approximately $190k a year, after all expenses. The seller’s wife is the book keeper for the business, so financials are maintained and current. The seller and a part time employee are responsible for repairs on vehicles.
Areas Of Expansion:
Because the seller is retiring, any potential buyer can add to the profit by adding more full time employees. Looking at the reviews on Yelp and Google, this shop has 5 star ratings for customer service and quality of work. If you are a new or seasoned mechanic looking for a well established business, this is the one. Kindly mind however, serious inquiries only.