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Real estate included

Auto Repair- Established and Profitable, Includes Real Estate

Johnson City, Tennessee · Repair Centers

Asking price

$650,000

Cash flow
$166,013
Revenue
$860,163
Multiple
3.9x

Multiple = asking price ÷ cash flow. Lower means you pay less for each dollar the business earns.

Auto Repair- Established and Profitable, Includes Real Estate

About this business

Own this established auto repair business that is profitable, has a solid repeat customer base and includes the real estate. A great opportunity to earn a good living while building equity with the real estate. As a bonus, this business is closed on Saturdays and Sundays to allow employees to rest and enjoy their family. A secondary benefit is living in one of the best places to reside, especially in a low tax state with an abundance of outdoor activities and venues within close proximity. Be sure to request our Executive Business Summary for more details. Requires submittal of an NDA. Located on a .83 parcel improved with a 3,240 square foot building. There are three bays, each equipped with lifts. The building was built in 2001. It is a prefabricated engineered steel building with slab-on-grade floor system and continuous footer. Combined city and county taxes were $2,209.03 in 2023. Included is a separate outdoor storage building. Ad#:2269930

Business details

Year established
2016
Employees
6 FT
Furniture, fixtures and equipment
$89,300
Inventory
$1,000 (included in price)
Real estate
$350,000
Building size
3,240 sq ft

Reason for selling

Retirement

Support and training

Two weeks of transition training is included in the sale price. Additional training with the seller is also possible, including staying on for a period of time to help manage the business.

Growth and expansion

According to IBIS World, the industry is expected to grow 1.3% annually through 2027. Tennessee has been experiencing significant population growth in recent years. This increase will result in more vehicles to be serviced. This business should get is fair share.

Market and competition

There is a relatively low number of competitors in the market. Currently, the business stays very busy servicing long time clients.

Facilities

Located on a .83 parcel improved with a 3,240 square foot building. There are three bays, each equipped with lifts. The building was built in 2001. It is a prefabricated engineered steel building with slab-on-grade floor system and continuous footer. Combined city and county taxes were $2,209.03 in 2023. Included is a separate outdoor storage building.