71369 – Auto Repair Shop & Used Car Sales
AutomotiveFor Sale in IA
Financial & Assets Details
About the Business
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.
Financing can be negotiable for the appropriate buyer.
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.