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Seeking Senior Auto Tech(s) to Succeed Retiring Owner

Silver Spring, MD

Seller Financing Available

Regular, Sporty & Foriegn Cars
Asking Price:$350,000
Gross Revenue:$527,587
Cash Flow:$150,000
Established Year:1975
Listing ID: 1924258Listing provided by BizBuySell
BUSINESS DESCRIPTION

47-Yr old AUTO Repair Shop(s)
Sr Auto Tech(s) to Buy-out Retiring Owner who will train on Ownership
• Top of the Line Montgomery County Shops General Auto + European Specialty
• Accessible: Bethesda, Chevy Chase, Kensington, Silver Spring, NW DC & Metro
• Highly Rated by Washington Consumer Checkbook Magazine (two checkmarks!)
• Senior Tech Owners Can DOUBLE the Sales
• Conveniently located with outstanding parking
• Established Biz of 47 years, in a custom facility
• Both units have Exterior Entry & Retail offices
• Retiring Seller can Train, Support and Finance
• Supportive landlord for the past 30 years
• 6,000 sq ft shop, w- huge doors/17 ft. ceilings
• Seller Financing avail to Qualified Purchasers
• Price & Terms to SELL@ $300,000 + Interest
• Parts, Lifts + 40-year-old customer list Included
• Quality work - Good Prices – 5-Day Work Week
• Serious Records: Financials, Due Diligence LOI
• Past history is solid, the FUTURE is YOUR'S!
• $4,000 Finder- Fee paid on Buyer, Post-Closing
• $1,000 max Referral fee paid on introducing us to (non-buyer) experienced technicians to work in our shop either permanently or temporarily for a minimum period. Check with Richard, the agent for details.

DETAILED INFORMATION
Location
Silver Spring, MD
Inventory
Included in asking price
Building SF
6,000
Employees
4
Facilities
Business is located in the upper-middle-class neighborhoods convenient to Washington, DC Suburban-Montgomery County, MD market. Two well-equipped 3,000 s.f. retail/garage facilities surrounded by an excellent automotive repair market! Has high 17’ ceilings in the vehicle repair areas. Can double revenue by adding two additional Class A or B mechanics as OWNERS. Business is very well known & highly respected in their market area. Business is made up of two shops, side-by-side, with one specializing in luxury European autos, plus General Automotive.
Competition
This quality Auto Repair business has limited competition in this booming close-in MD suburb market, due to its quality auto repairs, great customer service & competitive pricing. It is highly rated by its long-term clients, as well as the Washington Consumer Checkbook Magazine. It is surrounded by well-heeled professionals who can afford to take good care of their cars. The business enjoys a high margin, prestigious Specialty Luxury European Auto Niche Market & General Automotive Branding. Used the same name and telephone number for over 47 years!
Growth & Expansion
Prospective buyers will enjoy working with us due to our prompt buyer response, books that match the Tax Returns & complete Business Records. We work with you in Due Diligence via a Non-Binding Letter of Intent to transact the Business Deal with minimum pressure. The recent economic downturn has caused us to reduce our Asking Price. Now that the economy is regaining strength, our sales & profits are steadily increasing, and new & used autos are overpriced, folks are fixing up their old cars. Take advantage of our current reduced pricing and financing!
Financing
Consider financing Qualified Buyer with significant downpayment and good credit histo
Support & Training
The Retiring Owner will consider entering into a post-settlement contract to assist the buyer(s) to bring the business back to the Pre-Covid/Tight hiring market levels and hopefully higher! Should the Experienced Auto Mechanic Buyer(s) lack Business Management Skills, full Business Administrative training & Ticket Writing by the Retiring Master Mechanic Seller.
Reason for Selling
Retiring Owner has run shop for 47 years + spend more time with family & showing
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Richard
Ehrenreich
Ehrenreich & Associates LLC
Phone Number
Richard Ehrenreich
Call Phone