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Well-Respected Auto Repair Shop with Full Crew

Marysville, WA

Seller Financing Available

Asking Price:$500,000
Rent:$7,758/Month
Established Year:1979
Gross Revenue:$750,000
FF&E:$100,000
Listing ID: 2314786Listing provided by BizBuySell
BUSINESS DESCRIPTION

Happy Team = Happy Customers!

Recognized as a trusted team for dependable, high-quality service for most makes and models, from Chevy to BMW, this family-owned business has been around for over 45 years, with four years in its current location. Current owner acquired it from original family in 2015. A rare shop which is well-established with most extended warranty companies (including CarMax, RepairPal, and CarShield) and several collision repair shops to smooth the cyclic ups and downs. Electronic customer records in industry standard POS back to 2005. On good terms with the city; even the mayor is a customer!
High visibility on major artery with interstate access in a heavily populated and growing area. Near casinos, Boeing, and shopping district. Excellent online reviews and community reputation. Current well-trained and experienced crew could make more elsewhere, but choose to work here because they like each other and like working at a shop with high ethics. Customers routinely bring thank you gifts and food for the team. One employee has even been with the company for nearly 40 years.
Owner has been able to enjoy extended vacations and travel with shop running smoothly in his absence.

DETAILED INFORMATION
Location
Marysville, WA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
6,192
Lease Expiration
08/07/2033
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This business has great visibility and access on the major artery in town, plus close access from I-5. Customers can easily drop off their vehicles and then visit the casinos or outlet malls. The shop has 8 bays with 7 lifts (4 2-post, 3 4-post), including alignment rack. Eight parking spots in lot, plus about a dozen spots on private side street. Assets include: Company name and reputation; Customer database; Shop equipment; Established relationships with dozens of vendors, extended warranty vendors, and collision shops; Existing long lease.
Competition
There is always a demand for automotive repair shops since driving is a necessity for many people. Even in a recession when some people choose to hold off the repairs, the needed repairs cannot be put off forever, and often times leads to more expensive repairs down the road. The excellent location and established reputation this auto repair shop are hard to beat.
Growth & Expansion
There are many untapped markets in the area, especially to the north, where there are few competitors in those rapidly growing communities (e.g. Arlington, Stanwood). A strong marketing and outreach effort. Seller has been too distracted with family responsibilities to give the business the attention it needs to grow.
Financing
Cash at closing. Broker can assist buyer with obtaining bank financing.
Support & Training
The seller is willing to train to achieve a smooth transition. Details negotiable.
Reason for Selling
Owner needs to step aside to care for aging parent and disabled sister.
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Bruce Caruthers
Phone Number
Bruce Caruthers
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