Highly Profitable Automotive Services in Illinois (17681)
AutomotiveFor Sale in IL
Financial & Assets Details
About the Business
Located in Central Illinois, this business is a long-standing, professional provider of high quality auto repair, and maintenance services. The comprehensive automotive repair services include alignments, and computer diagnostics, with additional revenue from automotive maintenance services, such as oil changes, engine repair, and fluid exchanges. This is a 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. Company awareness comes from repeat business and strategic marketing through longevity, presence 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, additional fleet accounts would be a great expansion opportunity. With a proven track record, they stay ahead of market trends, new technologies, and changing trends in the types of automobiles, service schedules, and the latest in mechanical techniques and equipment. As an approved AAA service provider, customers utilize insurance, assistance, and AAA service agreements, giving them a strong presence in the market and capitalizing on repeat business. Company continues to have strong growth and profits year after year and shows no sign of slowing down, with Gross Income rising 25% from 2019, making $943K in 2020 with SDE’s of $240K. So far within a 9-month interim for 2021, Revenues reached $846,970 alongside Seller’s Discretionary Earnings of $295,883, remaining on track to achieve projections of $1.1 Million in Sales, another 17% growth! Managers are in place and the ownership is willing to stay on for a flexible transition period.
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.