Waco Area Auto Repair Business with Property
This auto repair business performs general automotive repair. It's been in business many years and enjoys an excellent reputation. The staff is tenured and will likely be staying on for continued employment with the new owner. The property is included in the offering and it is located on a main thoroughfare in the Waco area. The area is growing with a significant growth in rooftops and drive by traffic in the next five years. The real estate plays a really big role here. The underlying business is good but has not kept up with the appreciation of the real estate. The asking price for the real estate and business as a package is $1,150,000. The asking price for the property is $950,000 and is supported by comps in the area. The business asking price is $200,000. I am leaving the cash flow calculation off the ad. The property and the business are out of synch with each other. And a true market rent causes the cash flow to be distorted. If you're looking for a good auto repair business in the Waco area then call me. I will tell you why should buy this one. I will also tell you why you should not buy it.
Retirement! Seller is going to the house.
The property is a big part of this deal. The building is well laid out and easy to access. Easy in and out. The building is about 7,000 sf. The land area is about an acre. No problem with parking. It's located in an area that is forecasted to grow quite a bit in the next five years. The equipment is of course included. The equipment value is probably about $75k.
Probably only need a couple weeks but the seller wants the new owner to succeed and will provide whatever training is needed.
The current owner is a good businessman. He's run the business profitably for many years. But he is comfortable at the current level of profitability and has not made any effort to increase business. It is ready for a new owner to take the reins and push it to the next level. See Growth and Expansion below.
Virtually any auto repair shop can be improved upon by implementing a well thought out marketing effort. Shops that are for sale are usually being sold by retiring owners. And retiring owners...guys in their 60s and 70s...have a strong tendency to rely on reputation and word of mouth. They almost never use direct marketing or social media. This business fits into that category. The core business and reputation is strong but needs new blood to push it to the next level.
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Waco Area Auto Repair Business with Property
This auto repair business performs general automotive repair. It's been in business many years and enjoys an excellent reputation. The staff is tenured and will likely be staying on for continued employment with the new owner. The property is included in the offering and it is located on a main thoroughfare in the Waco area. The area is growing with a significant growth in rooftops and drive by traffic in the next five years. The real estate plays a really big role here. The underlying business is good but has not kept up with the appreciation of the real estate. The asking price for the real estate and business as a package is $1,150,000. The asking price for the property is $950,000 and is supported by comps in the area. The business asking price is $200,000. I am leaving the cash flow calculation off the ad. The property and the business are out of synch with each other. And a true market rent causes the cash flow to be distorted. If you're looking for a good auto repair business in the Waco area then call me. I will tell you why should buy this one. I will also tell you why you should not buy it.
Retirement! Seller is going to the house.
The property is a big part of this deal. The building is well laid out and easy to access. Easy in and out. The building is about 7,000 sf. The land area is about an acre. No problem with parking. It's located in an area that is forecasted to grow quite a bit in the next five years. The equipment is of course included. The equipment value is probably about $75k.
Probably only need a couple weeks but the seller wants the new owner to succeed and will provide whatever training is needed.
The current owner is a good businessman. He's run the business profitably for many years. But he is comfortable at the current level of profitability and has not made any effort to increase business. It is ready for a new owner to take the reins and push it to the next level. See Growth and Expansion below.
Virtually any auto repair shop can be improved upon by implementing a well thought out marketing effort. Shops that are for sale are usually being sold by retiring owners. And retiring owners...guys in their 60s and 70s...have a strong tendency to rely on reputation and word of mouth. They almost never use direct marketing or social media. This business fits into that category. The core business and reputation is strong but needs new blood to push it to the next level.
"*" indicates required fields
This auto repair business performs general automotive repair. It's been in business many years and enjoys an excellent reputation. The staff is tenured and will likely be staying on for continued employment with the new owner. The property is included in the offering and it is located on a main thoroughfare in the Waco area. The area is growing with a significant growth in rooftops and drive by traffic in the next five years. The real estate plays a really big role here. The underlying business is good but has not kept up with the appreciation of the real estate. The asking price for the real estate and business as a package is $1,150,000. The asking price for the property is $950,000 and is supported by comps in the area. The business asking price is $200,000. I am leaving the cash flow calculation off the ad. The property and the business are out of synch with each other. And a true market rent causes the cash flow to be distorted. If you're looking for a good auto repair business in the Waco area then call me. I will tell you why should buy this one. I will also tell you why you should not buy it.
Retirement! Seller is going to the house.
The property is a big part of this deal. The building is well laid out and easy to access. Easy in and out. The building is about 7,000 sf. The land area is about an acre. No problem with parking. It's located in an area that is forecasted to grow quite a bit in the next five years. The equipment is of course included. The equipment value is probably about $75k.
Probably only need a couple weeks but the seller wants the new owner to succeed and will provide whatever training is needed.
The current owner is a good businessman. He's run the business profitably for many years. But he is comfortable at the current level of profitability and has not made any effort to increase business. It is ready for a new owner to take the reins and push it to the next level. See Growth and Expansion below.
Virtually any auto repair shop can be improved upon by implementing a well thought out marketing effort. Shops that are for sale are usually being sold by retiring owners. And retiring owners...guys in their 60s and 70s...have a strong tendency to rely on reputation and word of mouth. They almost never use direct marketing or social media. This business fits into that category. The core business and reputation is strong but needs new blood to push it to the next level.