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BUSINESS FOR SALE - PROFILE #  41361061090

NEW PRICE! Auto Repair & Inspection Business
Southeastern PA

Asking Price: $480,000   Down Payment: $480,000  
Gross Revenue: $314,800   Adj. Cash Flow*: $55,500  
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Executive Summary
Long time established full-service automobile service, repair and inspection station for sale. The business has also sold used cars for many years. The owners desire to retire after owning and operating this business since 1986. The facility, located on a 1.38 m/l acre tract,  is located on a well-traveled road with excellent ingress and egress. It was a gas station when constructed in the 1960's, but the gas tanks have been removed and there is a closure certificate on the tank removal. There are 3 bays with 3 lifts which were installed in 2014 and 2017(2). There is an office that is used for customer service for used car sales and where customers pay their repair and service bills. There are many businesses and residential developments close by who provide a steady flow of business. This business is the repair and service shop of record for some businesses close by who regularly have their business vehicles serviced and repaired here. As the owners have moved towards retirement, they have cut back the hours of operation, with the owner doing all of the work. They also have been less active with used car sales, primarily now just buying and selling used cars as offered to them by individuals wanting to sell a car, versus proactively buying cars for inventory at auctions and from dealers. They do no advertising and rely on word of mouth, repeat customers, and their excellent location to attract customers. The potential is to expand hours, expand services, revive the used car sales, and advertise the long-time excellent reputation and convenient location. This is a turnkey acquisition opportunity including the building, equipment, name, and all business assets. The owner will assist with a successful transition to a new owner. New lowered selling price of $480,000. Financial Summary 2019 sales:  $314,000 2020 sales:  $130,000 (projected) – Impacted by Covid and expected to bounce back Owner's compensation: $80,000+ (estimated)

Acquisition Highlights

  • Financing Information:  Negotiable
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1986 Inventory:
Furniture, Fixtures & Equipment:
Real Estate:
    Total Assets Included in Sale:
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Ray Melcher
Phone:  (610) 898-8086
Fax:  (610) 376-9588
E-mail:  rmelcher@vrmarathon.com
VR Business Brokers - Wyomissing, PA
2240 Ridgewood Road
Wyomissing, PA 19610
www.vrmarathon.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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