European Auto Techniks – Real Estate Included
This auto repair business works on specific makes. They've been at it a long time and they pretty much have it figured out. The techs are talented and they've been with the business for a long time and they will more than likely stay after the transition. The reason to buy this shop is the customer base and the techs and the reputation. It's a great shop. The reason to not buy this shop is that the revenue is a little out of synch with the property value. The shop owner has made no effort to increase business at all for the last several years. He has been happy with the money he was making. In the mean time...the property has increased in value. This is common in the auto repair industry here in Texas. So the new owner needs to get the revenue up some to really make the good money.
Retirement
The building is pretty good size. It's about 11,000 sf on something less than an acre. Sold comps in the area suggest an asking price of $1,670,000 for the property. The business is $280,000 so that brings us to the $1.95m. Several bays. Plenty of parking. Ceilings are high. Roof is good. Easy access in and out of the repair facility. This is not a strong retail location. It's tucked away a little bit. But customers find the shop. No shortage in terms of customers finding the business.
Negotiable but two weeks is usually plenty. The owner can provide more if 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
European Auto Techniks – Real Estate Included
This auto repair business works on specific makes. They've been at it a long time and they pretty much have it figured out. The techs are talented and they've been with the business for a long time and they will more than likely stay after the transition. The reason to buy this shop is the customer base and the techs and the reputation. It's a great shop. The reason to not buy this shop is that the revenue is a little out of synch with the property value. The shop owner has made no effort to increase business at all for the last several years. He has been happy with the money he was making. In the mean time...the property has increased in value. This is common in the auto repair industry here in Texas. So the new owner needs to get the revenue up some to really make the good money.
Retirement
The building is pretty good size. It's about 11,000 sf on something less than an acre. Sold comps in the area suggest an asking price of $1,670,000 for the property. The business is $280,000 so that brings us to the $1.95m. Several bays. Plenty of parking. Ceilings are high. Roof is good. Easy access in and out of the repair facility. This is not a strong retail location. It's tucked away a little bit. But customers find the shop. No shortage in terms of customers finding the business.
Negotiable but two weeks is usually plenty. The owner can provide more if 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 works on specific makes. They've been at it a long time and they pretty much have it figured out. The techs are talented and they've been with the business for a long time and they will more than likely stay after the transition. The reason to buy this shop is the customer base and the techs and the reputation. It's a great shop. The reason to not buy this shop is that the revenue is a little out of synch with the property value. The shop owner has made no effort to increase business at all for the last several years. He has been happy with the money he was making. In the mean time...the property has increased in value. This is common in the auto repair industry here in Texas. So the new owner needs to get the revenue up some to really make the good money.
Retirement
The building is pretty good size. It's about 11,000 sf on something less than an acre. Sold comps in the area suggest an asking price of $1,670,000 for the property. The business is $280,000 so that brings us to the $1.95m. Several bays. Plenty of parking. Ceilings are high. Roof is good. Easy access in and out of the repair facility. This is not a strong retail location. It's tucked away a little bit. But customers find the shop. No shortage in terms of customers finding the business.
Negotiable but two weeks is usually plenty. The owner can provide more if 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.