26-Year Nine Bay Successful Auto Repair Business in Bainbridge

Kitsap County, WA
listing image
Asking Price:$775,000
Gross Revenue:$1,314,000
Rent:$9,000
Established Year:1997
Cash Flow:$361,000
Inventory:$25,000
FF&E:$280,000
BUSINESS DESCRIPTION

Business and Building for Sale and Priced to Sell

Successful 26-year nine bay auto repair shop. Consistently over $1.0m in annual sales. Seller owns the building and will close on the building in 2025 to buyer of business. Nine bay shop is largest in the area. Everything inside of the shop is state of the art including three generators as back-up, and oil and air lines overhead in each work area. The building also has a very attractive and newly decorated office location separate from the shop. This is a perfect opportunity for a technician to purchase their dream business. The business has been an excellent investment/career for the seller, and seller wants to see it handed to someone else who will take the business to new levels.

With business being located on Bainbridge Island, seller has built up a loyal customer base. There are only two other competitors on the Bainbridge, and it is unlikely there would be new competitors who would be zoned to enter the market. Business is recession resistant as displayed in pandemic with owners wanting to keep their current car running.

Building is a former Chrysler dealership constructed in 1939, and has great "bones". Seller constructed a 3-office addition on the second floor which consists of a bathroom, conference area, and kitchenette area.

If you are looking to work for yourself and enjoy the fruits of the seller's labor, this is the opportunity for you!


DETAILED INFORMATION
Location
Kitsap County, WA
Inventory
Included in asking price
Real Estate
Leased
Building SF
6,000
Lease Expiration
09/08/2028
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease Terms Options: 5 year FF&E Overview: All items in shop are included in the listing price. FF&E General Condition: Good
Competition
Bainbridge Island has limited availability for any new auto repair locations. The 9-bay building is the largest on the island.
Growth & Expansion
Addition of more technicians
Support & Training
Number of Weeks Seller Will Offer Training: 2
Reason for Selling
Owner Retirement
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Jim
Misgen
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Jim Misgen