Highly Profitable Automotive Services in Illinois (17681)
AutomotiveFor Sale in IL
Financial & Assets Details
About the Business
Located in Central Illinois, business is a long-standing professional provider of high-quality auto repair and maintenance services. The comprehensive vehicle restoration services include alignments and computer diagnostics, with additional revenue coming from automobile upkeep, such as oil changes, engine fixes, and fluid exchanges. This is textbook definition of a “Full Service Shop.” Conveniently located and accessible to customers, this 6,000 square foot service center has 8 bays with four overhead doors and 1,000-sq.ft. of office and customer waiting space. Valued at $700,000, the property is available for separate purchase or a 10 year lease, recently expanded to feature an added tire dealership and parking lot enlargements. Company awareness comes from recurring clients and strategic networking, through presence and longevity with the nearby university, SEO, and other industry specific marketing tools. While the majority of business comes from residential clients, approximately 15% is from commercial service accounts; with more employees and a new management team being put in place, additional fleet accounts would be a great progress opportunity. Skilled leaderships are in place and owners is willing to stay on for a flexible transition period. Thanks to a proven track record, company had stayed ahead of industry trends, new technologies, and changes in the types of cars, schedules, and the latest in field techniques and used mechanical equipment. An approved AAA service provider, customers utilize their insurance assistance and service agreements, giving them a strong presence in the market and capitalizing on repeated customers. Company continues to have powerful growth and rising sales annually, shown with stable profits of over $200K since the pandemic. Total Revenues in 2022 reached 1,343,464 next to Discretionary Earnings of $292,000 to remain on track of achieve projections of $1.5 Million for 2023!
Financing can be negotiable for the appropriate buyer.
Property is available for purchase separate of Asking Price or for Lease of 10 years.
Support & Training
Flexible Owner Transition period of 12 months.
Reason for Selling:
Approaching retirement and/or pursuing other interests.