South End Auto Repair Shop - Absentee Owner

King County, WA
South End Auto Repair
Asking Price:$195,000
Gross Revenue:$827,120
FF&E:$50,000
Cash Flow:$71,460
Inventory:$5,000
Established Year:1955
BUSINESS DESCRIPTION

Having been established for 69 years, this is an iconic auto repair shop in the south end of King County, WA. The owner runs it completely absentee. It is not a franchise. Staffing consists of 1 service manager and 2 automotive technicians. The auto shop works on all makes and models of cars and small trucks, providing a full range of mechanical repairs including tune-ups, timing belts, oil changes, diagnostic services, steering, transmission, engine repair, brakes, electrical repair, HVAC, clutches, and more. The shop works on approximately 19 cars per week on average with an average repair order (RO) amount of approximately $900. This is an excellent opportunity to take over an established, completely absentee business and grow it to the next level.


DETAILED INFORMATION
Location
King County, WA
Inventory
Not Included in asking price
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The location is on a major road with excellent visibility. The shop is 4,410 square feet with plenty of parking.
Competition
Even though it is not a franchise, the owner has implemented proven systems in place. This is a business that can be run by anyone with good business management skills. The owner does not fix cars. The business is run completely absentee with the seller spending less than five hours per MONTH reviewing financials and overseeing marketing. The business has decades of excellent reputation in the community and strives to set itself apart with excellent service and quality repair done by experienced technicians.
Growth & Expansion
As an absentee owner, the seller has not spent the energy to maximize the potential of this auto repair shop. A more hands-on owner could watch everything more closely, focus on marketing, and grow this business to the next level.
Financing
Cash at closing. Broker has already preappoved this deal with a reputable SBA lender
Support & Training
Negotiable
Reason for Selling
Retirement
Report an Issue with this listing
profile-img
Devin
Craig
logo-img
Devin Craig