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71369 – Auto Repair Shop & Used Car Sales

AutomotiveFor Sale in IA

Financial & Assets Details

$775,000
$67,000
$130,000
$15,000
Yes
$350,000
2000+/-

About the Business

1991
2 nonunion.
$3,000
Yes

Business Description

Located in Eastern Iowa, the company specializes in rebuilding transmissions, major auto repairs, and simple maintenance services for all types of cars, light trucks, SUVs, and vans. The Company additionally is licensed and offers used automotive sales. The company operates from a 5,000-square foot facility, which is owned with an option to purchase. With a corner block of street frontage, the facility contains a shop with a large overhead door and six bays with lifts. They have specialized automotive tools, diagnostic machines and repair equipment. The company has a proven track record, supported by its longstanding reputation it maintains with its customers. With its broad range of products and services, marketing efforts focus on targeting residents and commercial enterprises within a 40-mile radius. Revenues have been steady, over the past four years, due to a long-standing community reputation. Last year, the total revenue was $774,673 with discretionary earnings of $67,004. With a large customer base and solid reputation, the Company continues to attract new customers while maintaining its reputation with existing ones.

Seller Financing

Financing can be negotiable for the appropriate buyer.

Location Details:

Property is available for optional purchase outside of Asking Price.

Support & Training

The owner would be available for a standard transitioning period.

Reason for Selling:

Approaching retirement and/or pursuing other interests.

Listing ID: 71369 - Auto Repair Shop & Used Car Sales

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