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This business has an experienced team of 10 employees, including 2 managers! Located in Connecticut and established for nearly 25 years, this auto shop has four main revenue streams: repair, towing, auto sales, and body repair. Body shop work accounts for 60% of annual revenues, with mechanical repairs earning 30%, and towing and car sales the remaining 10%. The shop features eight bays with plenty of room to meet current customer needs as well as room to grow without modifications to the current space. Social media reviews are excellent and show a dedicated and satisfied customer base as well as the development of a continued trust. The owner currently oversees financial management. Oversight of daily operations is done in partnership with the two shop managers. Seven technicians, 1 mechanical manager, 1 body shop manager, and one driver round out this well-trained team.
The building is 4,500 square feet with a large paved lot in the front and the rear of the shop. The back lot is secured with fencing, an alarm system, and other security features. There are eight vehicle bays for repair work as well as a waiting area, restrooms, and a private office for the owner. Also included is a 600 square foot paint booth located just outside the main building.
Business has been growing year-over-year but continued additional revenues could be found in any of the of four service areas. Both the body shop and mechanical repair division have room for additional capacity, while the auto sales can increase as desired. The greatest potential for increased income is to focus on building towing business.
Fairfield County, Connecticut
4,500: 8 bays, customer waiting area, restrooms, private office, external paint booth
Room to grow in all four revenue streams through networking, advertising, or building the client base
Focus on other non-competing business
Purchase Price: $705,000
12.5% Buyer Down Payment: $88,125
12.5% Seller Financing: $88,125
75% Bank Loan: $528,750
A 12.5% down payment of $88,125 returns $130,003 in the first year after debt payments!
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