General Business Information
Listing ID:
4110-00422
Listing Type:
Exclusive Right of Sale
Price:
$2,425,000
Down Payment:
$265,000
Category:
Automotive
Subcategory:
Auto General Repair
County:
Lee
State/Prov:
Florida
Country:
United States
Sales:
$1,485,198
SDE:
$405,206
Description of Business
BUILDING & PROPERTY INCLUDED in SALE. This is a unique opportunity to acquire a well-established auto repair business with a strong reputation for quality work and customer trust that has served its community for over 20 years.
Established over decades of dedicated service, this independent garage benefits from a loyal
customer base and a family atmosphere that welcomes employees and customers alike. The sale includes the business itself, along with the property and building.
The business has well-trained, reliable, long-serving staff in place that help foster the family
atmosphere and the company has consistently had a high number of repeat customers. As a result of this approach the company currently does minimal advertising, which provides one avenue of growth for a potential new owner. There is also the opportunity to add up to three new technicians without having to expand the premises, increase the range of services on offer, or open at the weekend.
Advantageously positioned near major roads and rapidly growing areas, and with close proximity to parts suppliers to ensure efficient operations, the business is ready for a new owner to continue the great work that the current owner has done as they prepare to move into retirement (the owner plans to stay in the area).
A new owner will inherit a turnkey-ready operation, known for its exceptional customer service, knowledgeable staff, and welcoming environment, that has EXCELLENT BOOKS and RECORDS and everything required to ensure future growth.
Inquire today about this great opportunity before you miss out.
Listing Details
Location:
Southwest Florida
Organization Type:
Sub-S Corporation
Hours of Operation:
7:30a - 5:00p Monday - Friday; Closed Saturday and Sunday
Years Established:
21
Years Owned:
20
Employees FT:
5
Employees PT:
0
Managers:
1
Amount of Hours Owner Works:
40
Is Relocatable:
No
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
$1,485,198
$776,382
$708,816
$425,206
$283,610
$94,400
$21,370
$763
$3,314
$1,749
$405,206
2022
$1,464,637
$745,810
$718,827
$517,753
$201,074
$73,328
$23,509
$2,477
$1,532
$77,089
$379,009
2021
$1,252,690
$683,607
$569,083
$455,209
$113,874
$74,176
$19,656
$2,670
$3,226
$15,994
$229,590
Assets Included in Sale
Other:
$0
Real Estate:
$1,675,000 Included
FF+E:
$113,667 Included
Inventory:
$30,000 Included
Total Assets Included:
$1,820,965
Lease Information
Square Footage:
10,162
Building Type:
Office + Auto Shop w Bays
Summary
Reason for Sale:
Discuss with the seller.
Training and Support:
Seller will assist the new owner during a 15 day transition period at no cost.
Non Compete:
Seller willing to sign a non compete agreement for a three year period within a three mile radius of the business.
Owner Qualifications:
Business experience. Auto repair experience helpful.
Financing Summary:
This business is SBA Lender Pre-qualified. A Buyer who is also SBA Lender Pre-qualified could put $265,000 down. The loan term is 25 years with an estimated monthly loan payment of $22,594. BUYER WILL RECEIVE $100K IN WORKING CAPITAL ON THE DAY OF CLOSING.
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00422
Listing Type: Exclusive Right of Sale
Price: $2,425,000
Down Payment: $265,000
Category: Automotive
Subcategory: Auto General Repair
County: Lee
State/Prov: Florida
Country: United States
Sales: $1,485,198
SDE: $405,206
Description of Business
BUILDING & PROPERTY INCLUDED in SALE. This is a unique opportunity to acquire a well-established auto repair business with a strong reputation for quality work and customer trust that has served its community for over 20 years.
Established over decades of dedicated service, this independent garage benefits from a loyal
customer base and a family atmosphere that welcomes employees and customers alike. The sale includes the business itself, along with the property and building.
The business has well-trained, reliable, long-serving staff in place that help foster the family
atmosphere and the company has consistently had a high number of repeat customers. As a result of this approach the company currently does minimal advertising, which provides one avenue of growth for a potential new owner. There is also the opportunity to add up to three new technicians without having to expand the premises, increase the range of services on offer, or open at the weekend.
Advantageously positioned near major roads and rapidly growing areas, and with close proximity to parts suppliers to ensure efficient operations, the business is ready for a new owner to continue the great work that the current owner has done as they prepare to move into retirement (the owner plans to stay in the area).
A new owner will inherit a turnkey-ready operation, known for its exceptional customer service, knowledgeable staff, and welcoming environment, that has EXCELLENT BOOKS and RECORDS and everything required to ensure future growth.
Inquire today about this great opportunity before you miss out.
Listing Details
Location: Southwest Florida
Organization Type: Sub-S Corporation
Hours of Operation: 7:30a - 5:00p Monday - Friday; Closed Saturday and Sunday
Years Established: 21
Years Owned: 20
Employees FT: 5
Employees PT: 0
Managers: 1
Amount of Hours Owner Works: 40
Is Relocatable: No
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: $1,485,198
– Costs of Goods Sold: $776,382
= Gross Profit: $708,816
– Total Expenses: $425,206
= Net Before Taxes: $283,610
ADD BACKS
+ Owner(s) Salary: $94,400
+ Benefits: $21,370
+ Interest Expense: $763
+ Depreciation: $3,314
+ Other $0: $1,749
TOTAL OWNER BENEFIT: $405,206
INCOME PERIOD, Year: 2022
GROSS SALES: $1,464,637
– Costs of Goods Sold: $745,810
= Gross Profit: $718,827
– Total Expenses: $517,753
= Net Before Taxes: $201,074
ADD BACKS
+ Owner(s) Salary: $73,328
+ Benefits: $23,509
+ Interest Expense: $2,477
+ Depreciation: $1,532
+ Other $0: $77,089
TOTAL OWNER BENEFIT: $379,009
INCOME PERIOD, Year: 2021
GROSS SALES: $1,252,690
– Costs of Goods Sold: $683,607
= Gross Profit: $569,083
– Total Expenses: $455,209
= Net Before Taxes: $113,874
ADD BACKS
+ Owner(s) Salary: $74,176
+ Benefits: $19,656
+ Interest Expense: $2,670
+ Depreciation: $3,226
+ Other $0: $15,994
TOTAL OWNER BENEFIT: $229,590
Assets Included in Sale
Inventory: $30,000 Included
FF+E: $113,667 Included
Real Estate: $1,675,000 Included
Other: $0
Total Assets Included: $1,820,965
Lease Information
Square Footage: 10,162
Building Type: Office + Auto Shop w Bays
Summary
Reason for Sale: Discuss with the seller.
Training and Support: Seller will assist the new owner during a 15 day transition period at no cost.
Non Compete: Seller willing to sign a non compete agreement for a three year period within a three mile radius of the business.
Owner Qualifications: Business experience. Auto repair experience helpful.
Financing Summary: This business is SBA Lender Pre-qualified. A Buyer who is also SBA Lender Pre-qualified could put $265,000 down. The loan term is 25 years with an estimated monthly loan payment of $22,594. BUYER WILL RECEIVE $100K IN WORKING CAPITAL ON THE DAY OF CLOSING.
LISTING BROKER