Arizona Auto Repair Shop with Nice Opportunity! (17710)
AutomotiveFor Sale in Tucson, AZ
Financial & Assets Details
About the Business
Increased sales in 2020, retaining all personnel and no reduction in wages! Located in Tucson, Arizona, at the same location for 33 years, this auto repair shop has provided a wide range of mechanical, maintenance, and specialized repairs to loyal returning customers as well as a consistent influx of approximately 50% of new customers and sub-contracted jobs from other repair shops. This shop has virtually cornered the market in Pima County (population 1.047 million) because of their unique skills and specialized equipment to perform repairs on current, classic and customized vehicles, except semi-trucks and motorhomes. This shop performs light duty repairs including; alignment, steering and suspension work, brakes, general repairs, clutches, front/rear differentials, 4 wheel drives, and others. Several strategic growth opportunities exist in extending to weekend hours (currently Mon- Fri 8AM-5PM), adding marketing programs (word of mouth referral is basically only advertising in place), and increased social media presence, adding more personnel, and revamping the current website. Current 2,000 square foot facility features; 400-sq. ft. separated office/ waiting room, 1600-sq. ft. interior repair area and additional 1600-sq. ft. exterior, covered repair area with 4 service bays and 2 alignment racks. The property is leased triennially with proper commercial zoning. Thanks to a pair of skilled long-term employees, operations can remain busy throughout a standard owner transition period up to one year. Total Revenues for 2020 were $540,000 alongside over $180,000 in Seller Discretionary Earnings, surpassing 2019’s $509K in grosses, SDE’s of $173K & EBITDA values of $130K. Based on an independent evaluation!
Negotiable up to 20% for the right buyer.
Holds a triennial lease.
Support & Training
Owner Transition period of up to one year.
Reason for Selling:
Approaching retirement and/or pursuing other interests.