Auto Repair Facility with Real Estate (Olympic Peninsula)
Asking Price: | $1,015,000 |
Gross Revenue: | $700,000 |
Cash Flow: | $180,000 |
Real Estate: | $740,000 |
Residence on the Property for Owner or Manager
This community favorite auto repair business has served Clallum and Jefferson Counties on the Olympic Peninsula since before the turn of the century. The business focuses on vehicle service & maintenance rather than repairs using only the highest quality parts available to ensure customer satisfaction and long-term loyalty. Their most common services include scheduled maintenance, oil & lube, brake service, powertrain service, and breakdown repairs. Business sales are allocated between European (70%), Asian (20%), and domestic (10%), with service constituting 55% of their business and parts accounting for the other 45%. The company is distinguished from most other competition on the Peninsula by their use of current electronic & mechanical tooling, offering thorough routine inspections with every appointment, and through their commitment to maintaining an ecologically friendly shop.
The shop is located on a high-profile corner location, just one block from U.S. Route 101. The 13,600-sf. real estate parcel supports the business shop that is 2,080-sf. with the space allocated 80% to the garage and 20% to the office. The shop has three service-bays with above-ground lifts, air compressors, hardline/hose reels and an exhaust extraction system. The real estate parcel also supports a detached 840-sf. house that is currently used as a rental property, this could also be owner-occupied as well. The house has separate drive-lane access and a yard next to the shop. The current market rent rate on the two bedroom/1 ½ bath house is approximately $1,300-p/mo. The real estate, shop, and house are all included in this sale.
The Seller oversees all aspects of operations as an owner-operator. The business also has two journeyman mechanics who are paid $37.00 p/hr. and $38.00 p/hr. respectively, along with an office/service manager who is paid $27.00 p/hr.