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Business for Sale Summary

High Volume Tire, Lube and Basic Auto Repair - 34819

Business Type: auto/truck mechanical repair,repair services,seller financing available,auto repair
Owner Financing
High Volume Tire, Lube and Basic Auto Repair
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Financial Information (non-confidential)

General Information
Asking Price $1,399,000 Down Payment $799,000
Gross Revenues $2,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $400,000 Number of FT Employees Register Free to View

Financing

$799,000 Down and $600K over 7 years @ 6% for a well-qualified buyer with a personal guarantee

Business Description

High Volume Tire, Lube and Basic Auto Repair. Established since 1972, this business has built a very loyal local following for all basic auto maintenance needs including oil changes, brakes, tires, inspections, and tune ups. They DO NOT do any heavy repair such as engines or transmissions. This is a simple auto repair business with great repeat business. There is also a fantastic parts agreement in place with the primary vendor that can be transferred to the new owner. This provides deep discounts that can be assumed. The shop is a stand-alone 4,000 sf. with 5 bays and 5 lifts. The current owner has been here for 32 years and has built a great culture. He has a full-time manager, who handles most of the daily operations, a driver for parts pick-up and 7 full-time mechanics. Some employees have been here for over 15 years. The owner takes good care of his staff and they take good care of the customers. This business has seen year over year sales growth every year! In 2021 the business grossed approx. $2,000.000 with an owner’s cash flow of approx. $400,000.00. There are 10 years on the current lease with a rent of $5,500/mth. The lease will include an option to buy the property after 10 years. The roof was just replaced and most furniture, fixtures and equipment were replaced in the past 3 years. We are seeking a serious and financially qualified buyer with at least $799K in liquid funds for the down payment. The price and terms are negotiable, but proof of funds must be provided before any buyer-seller calls or meetings. This sale is not just about the money. The staff have become like family and the right buyer must have that type of mindset. It would also be advantageous for any buyer to speak Spanish. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.