Last Revised: 9/18/19. Posting #: 256513
Key Words: auto repair, brakes, oil change, humboldt
Financial Info: Price: $549,000 + $9,000 Inv. Down: Call. Adjusted Net: $222,500. Annual Revenues: $871,500. The Business qualifies for 90% Bank/SBA financing. The Sellers also own the real estate and will consider a long-term lease or option to purchase the real estate.
Profile: Are you looking for an amazing opportunity to purchase an independent auto repair center with annual sales that have averaged $856,000 over the past three years, growing to $871,500 in 2018. Over this period, this highly profitable Business has averaged $210,700 in Cash Flow, increasing to $222,500 in 2018, and affording an active owner/operator an excellent salary after debt service. The Business is one of two similar high end facilities in Humboldt County operated by the family owners, which are available for sale individually or together as a package deal.
The Business is well established with over forty years of goodwill, fantastic Internet reviews and loyal clientele, drawing from a large geographic area.
The Business is located on a highly travelled thoroughfare with 34,000 cars/day. They have built an excellent reputation for providing cost-effective personalized service as an alternative to the expensive car dealerships.
The Business comes complete with the state-of-the-art equipment required to run a high end auto repair business, including brakes, oil change, engine performance, steering and suspension, starting and charging, and heating and cooling. The large 6,000 square foot shop has seven service bays, room for parts storage and an attractive customer reception area. Experienced, long term employees will support an entrepreneurial new owner who wishes to further grow the business. The Seller will provide training and support during the transition period.
The Sellers are motivated to retire after building two successful businesses that operate smoothly with limited supervision. With a great reputation for quality, convenience and trusted service, this Business offers a Buyer a unique opportunity to control your own destiny and realize your dreams of owning a respected business in the community.
The Asking Price for this profitable Business is $549,000, plus $9,000 in inventory. The Business qualifies for 90% Bank/SBA financing. The Sellers also own the real estate and will consider a long-term lease or option to purchase the real estate.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: My mission is to conduct a thorough, well-planned, and well-executed transaction for both the seller and buyer, offering a confidential, professional approach to my clients and taking an M&A approach to main street transactions to ensure the optimal selling price and shortest time on the market.
Key Words: daniel herring, emerald coast business intermediaries, business broker, business valuation, valuation, consultant, due diligence, due diligence services, auto repair, construction, restaurant, airport shuttle, shuttle, okaloosa
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Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: In this BBN Podcast Episode, Mike, a seasoned business buyer & BizBenNetwork member, discusses his recent search with BBN Facilitator Peter Siegel, MBA. In this online interview, he discusses his past experiences dealing with brokers and business sellers and offers helpful advice to fellow buyers.
Key Words: podcast, buyer, business buyer, mike, buying a business
Profile: Buying a business is no easy task. In fact, business buyers are faced with many questions before beginning their search for an existing business for sale. BizBenNetwork Senior Facilitator Manager Jordan Green gives helpful tips for prospective business buyers to start their search on the right foot.
Key Words: buying a business, business buyers, buyer, buyers, buying a small business, absentee, absentee run, pre-qualification, financing, loans, sba loans, deposits, business purchase financing, due diligence, jordan green
Profile: Determining a reasonable deposit and appropriate timeline for the various steps involved in a small business transaction can ultimately have a large impact on the sale of a business. BizBenNetwork Manager Jordan Green explains the important role that deposits play in a business’s sale.
Key Words: deposits, escrow, deposit, non-refundable deposit, purchase agreement, attorney, cpa, broker, brokers, buyers, buying a business, due diligence, deal structures, jordan green
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Profile: BizBenNetwork Senior Facilitator Manager Jordan Green discusses the preparation that is needed by business owner/sellers to ensure a successful sale of their business. Jordan also shares tips to help sellers minimize the risk of ruining potential deals and hurting the value of their business.
Key Words: selling your business, sellers, business owner seller, sell a business, confidentiality, training, jordan green
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