30+ Year Old Auto Repair Business for Sale

General Business Information

Listing ID:

4110-00418

Listing Type:

Exclusive Right of Sale

Price:

$265,000

Down Payment:

$45,800

Category:

Automotive

County:

Orange

State/Prov:

Florida

Country:

United States

Sales:

$705,538

SDE:

$116,245

Description of Business

With over 30 YEARS IN BUSINESS, a loyal customer base, and a well-trained team of employees, this auto-repair shop offers a great opportunity for a buyer to take over from the current owner who is ready to retire, and build on the opportunities offered within a $76.8 billion industry.

Situated in a prime industrial area of Orlando, the business services Situated in a prime industrial area of Orlando, the business services approximately 150 vehicles per month, offering a new owner consistent cash flow from day one. The business has a unique focus on foreign vehicles, appealing to a specific and lucrative segment of the market. The Seller has experienced very consistent numbers year to year but has had no desire to build the business any further. However, he feels an ambitious new owner has opportunities for expansion as the business is currently closed on the weekends, and presently does no marketing or advertising. The addition of more technicians and services would also drive increased revenue.

The business has GREAT BOOKS AND RECORDS, an outstanding reputation, established relationships with suppliers, and a track record of consistent performance, representing a turnkey solution for a new owner looking to take advantage of a vantage of a continously growing market.

Listing Details

Location:

Central Florida

Organization Type:

Sub-S Corporation

Hours of Operation:

Monday - Friday 8a - 6p

Years Established:

34

Years Owned:

34

Employees FT:

3

Employees PT:

1

Managers:

0

Amount of Hours Owner Works:

35

Is Home Based:

No

Is a Franchise:

No

Is Lender Pre Qualified:

Yes

May Qualify for a Visa:

Yes

Financial Information
INCOME PERIOD, Year
GROSS SALES

– Costs of Goods Sold

= Gross Profit

– Total Expenses

= Net Before Taxes
ADD BACKS

+ Owner(s) Salary

+ Benefits

+ Interest Expense

+ Depreciation

+ Other $0
TOTAL OWNER BENEFIT
2023
$698,490

$448,405

$250,085

$136,459

$113,626
$73,500

$0

$0

$479

$-71,360
$116,245
2022
$604,589

$385,096

$219,493

$109,839

$109,654
$73,500

$0

$0

$582

$-77,360
$106,376
2021
$639,505

$393,166

$246,339

$162,211

$84,128
$74,172

$0

$0

$491

$-47,247
$111,544
Assets Included in Sale

Other:

$0

FF+E:

$2,000 Included

Inventory:

$1,000 Included

Total Assets Included:

$3,000

Lease Information

Monthly Rent:

$5,000

Expiration Date:

2029-04-01

Square Footage:

1500

Terms and Options:

1 (5) year option

Building Type:

Auto Repair Shop

Summary

Reason for Sale:

Discuss with the seller.

Training and Support:

The current owner agrees to work in the business at no compensation for a period of 14 days in order to familiarize the Buyer with the business.

Non Compete:

The current owner will sign a non-compete agreement for a 3 year period within a 20 mile radius of the business.

Owner Qualifications:

Experience in the automotive repair industry.

Financing Summary:

The business has been SBA Lender Prequalified for a buyer who has also been Prequalified with an SBA Lender. $45,800 down payment, with a loan term of 10 years and a monthly payment of approximately $3,600. PLUS Working Capital of $20,000 payable to borrower at loan closing!

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Jim Parker

Jim Parker
General Business Information

Listing ID: 4110-00418

Listing Type: Exclusive Right of Sale

Price: $265,000

Down Payment: $45,800

Category: Automotive

County: Orange

State/Prov: Florida

Country: United States

Sales: $705,538

SDE: $116,245

Description of Business

With over 30 YEARS IN BUSINESS, a loyal customer base, and a well-trained team of employees, this auto-repair shop offers a great opportunity for a buyer to take over from the current owner who is ready to retire, and build on the opportunities offered within a $76.8 billion industry.

Situated in a prime industrial area of Orlando, the business services Situated in a prime industrial area of Orlando, the business services approximately 150 vehicles per month, offering a new owner consistent cash flow from day one. The business has a unique focus on foreign vehicles, appealing to a specific and lucrative segment of the market. The Seller has experienced very consistent numbers year to year but has had no desire to build the business any further. However, he feels an ambitious new owner has opportunities for expansion as the business is currently closed on the weekends, and presently does no marketing or advertising. The addition of more technicians and services would also drive increased revenue.

The business has GREAT BOOKS AND RECORDS, an outstanding reputation, established relationships with suppliers, and a track record of consistent performance, representing a turnkey solution for a new owner looking to take advantage of a vantage of a continously growing market.

Listing Details

Location: Central Florida

Organization Type: Sub-S Corporation

Hours of Operation: Monday - Friday 8a - 6p

Years Established: 34

Years Owned: 34

Employees FT: 3

Employees PT: 1

Managers: 0

Amount of Hours Owner Works: 35

Is Home Based: No

Is a Franchise: No

Is Lender Pre Qualified: Yes

May Qualify for a Visa: Yes

Financial Information
INCOME PERIOD, Year: 2023


GROSS SALES: $698,490

– Costs of Goods Sold: $448,405

= Gross Profit: $250,085

– Total Expenses: $136,459

= Net Before Taxes: $113,626



ADD BACKS

+ Owner(s) Salary: $73,500

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $479

+ Other $0: $-71,360



TOTAL OWNER BENEFIT: $116,245

INCOME PERIOD, Year: 2022


GROSS SALES: $604,589

– Costs of Goods Sold: $385,096

= Gross Profit: $219,493

– Total Expenses: $109,839

= Net Before Taxes: $109,654



ADD BACKS

+ Owner(s) Salary: $73,500

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $582

+ Other $0: $-77,360



TOTAL OWNER BENEFIT: $106,376

INCOME PERIOD, Year: 2021


GROSS SALES: $639,505

– Costs of Goods Sold: $393,166

= Gross Profit: $246,339

– Total Expenses: $162,211

= Net Before Taxes: $84,128



ADD BACKS

+ Owner(s) Salary: $74,172

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $491

+ Other $0: $-47,247



TOTAL OWNER BENEFIT: $111,544

Assets Included in Sale

Inventory: $1,000 Included

FF+E: $2,000 Included

Other: $0

Total Assets Included: $3,000

Lease Information

Monthly Rent: $5,000

Expiration Date: 2029-04-01

Square Footage: 1500

Terms and Options:

1 (5) year option

Building Type: Auto Repair Shop

Summary

Reason for Sale:

Discuss with the seller.

Training and Support:

The current owner agrees to work in the business at no compensation for a period of 14 days in order to familiarize the Buyer with the business.

Non Compete: The current owner will sign a non-compete agreement for a 3 year period within a 20 mile radius of the business.

Owner Qualifications:

Experience in the automotive repair industry.

Financing Summary: The business has been SBA Lender Prequalified for a buyer who has also been Prequalified with an SBA Lender. $45,800 down payment, with a loan term of 10 years and a monthly payment of approximately $3,600. PLUS Working Capital of $20,000 payable to borrower at loan closing!