Austin Area Auto Repair Business and Property
| Asking Price: | $1,150,000 |
| Gross Revenue: | $2,750,000 |
| FF&E: | $180,000 |
| Established Year: | 2005 |
| Cash Flow: | $350,000 |
| Inventory: | $10,000 |
| Real Estate: | $2,300,000 |
This opportunity is under contract...
RPM will not be sending out marketing profiles or conducting buyer interviews with the seller. We can talk about the deal some. But it is somewhat limited.
This auto repair shop is general auto repair. They work on all makes and models pretty much. Domestic...Euro...and Diesel. Brakes and oil changes to engine replacement. They do it all. Inspections too.
The owner is full time. Like most of the deals I work on...this is an owner operator.
We are asking $3.45m for business and property. The ad says $1.15m asking price. And that is correct. That is for the business. The preferred transaction is to sell both business and property and that is $3.45m. i put the $1.15m as the asking price because it shows that we are asking a fair price for the cash flow.
We think $1.15m for the business and then $2.3m for the property is about right. The owner is pretty much just interested in selling both. The business does about $2.1m a year with cash flow to owner of about $450k or $460k. And we have about $120k in equipment so we think $1.5m for the business is about right. And we have some comps that support the $2.1m asking price for the property.
I sell auto repair shops in Texas. I sell auto repair only. I do not sell any other kinds of businesses.
This is a great shop and I want you to buy this one. But if it doesn’t work for you for some reason you still might want to give me a call or visit my website.
