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#Business ID: 13547

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Auto Service and Repair Center -Merrimack Valley

Business Location: Greater Salem NH, Middlesex, Massachusetts, United States

Asking Price: BUSINESS SOLD Revenue: $ 783,173 Cash Flow: $ 144,709

[Furniture / Fixtures included]

Business Summary

This Auto Repair business has been operated by the current owner since the early 1990 s but has been in the same family since it opened in the 1960 s and is therefore well established with regular, repeat business from loyal customers. This business is owner-managed with an emphasis on excellent customer care which results in great word of mouth referrals and new customers. They are an approved AAA auto service center, a designation awarded to relatively few, highly-rated, auto repair businesses. Also they are an accredited business with the Better Business Bureau with an A+ rating and without a single complaint. Even during the recent recession the business did well and is now positioned for continued growth. This is a full service auto repair facility that offers general repairs, tire sales, and state inspections. The business has excellent records since it is computerized and has an automated sales/invoicing system, customer database, and accounting software. The business has an attractive web site that gives it a professional internet presence. Since the business is managed day to day by a full time owner, a new owner will work side by side with the current owner to learn the business and to ensure a smooth transition. Auto repair experience is not required to purchase this business if a buyer has management experience since there are systems in place to make this turn-key for a new owner. Also it is fully staffed with trained auto repair technicians who are familiar with the customers vehicles. The business receives payment for services by cash, checks, or credit cards with no receivables making it easy to manage cash flows. Business operates only 5 days per week (Monday-Friday) giving it room to expand by opening on Saturdays and or hours that it is open, if a new owner chose to do so. The business is providing the owner with executive-level income and still has tremendous growth potential!

Property Details

Years Established:

1970

Property Type:

Lease

Other Business Details

Premise Details:

Facilities: Business leases a garage on a acre lot located on busy street. It has 3 bays, an office/waiting area, a storage area, and plenty of off-street parking. Included in the sale is all the shop equipment including vehicles.

Competition:

Limited

Expansion Potential:

Growth/Expansion: Growth may be achieved by: (1) by expanding the days of operation from 5 days/week to 6 days/week; (2) hiring additional service techs; (3) increase advertising and marketing

Business Operation Details

Employees:

4

Trading Hours:

Monday - Friday

Support & Training:

Support/Training: Seller will provide 4 weeks of training included in the sale immediately after closing during normal business hours. Additional transition support is negotiable.

Miscellaneous Details

Financing Available:

Yes
Financing: Seller will finance up to 50% of the selling price. Term negotiable

Reason For Selling:

Reason Selling: Retirement

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