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Auto Repair in South Suburbs |
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| Listing ID: 69006 |
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Automotive repair in New Lenox, great captive audience in a high volume retail store.
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| Listing Details | |
| Industry: | Automotive Repair and Maintenance |
| Title: | Auto Repair in South Suburbs |
Listed Price: |
$200,000 |
Total Sales: |
$431,000 |
| Owner Cash Flow: | $13,500 |
Fixtures, Furniture & Equipment: |
$1,000 (Included in listed price) |
Inventory: |
$2,000 (Included in listed price) |
| Financing / Terms: Owner will work with the right buyer on financing |
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| Reason for Sale: Owner wants to pursue other interests. |
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| Training & Support: Qualified staff will stay on, owner will help during the transition. |
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Listing Broker | Jay Kleinow |
| Executive Summary | |
| Business Description: Full service, auto mechanical repair shop located in a KMart Store. Maintenence is the key, it's less technical, give higher profit margins and is less labor intensive. |
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| Historical Summary: Current owner has had the facility for 5 years. As the market has changed, they haven't been able to adjust to the changing consumer mentality. Fresh approach would be helpful. |
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| Owner Qualifications: Previous autombile experience would be very helpful. |
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| Competition: There are numerous other shops in the immediate area. There is a new hospital being built that is 7 minutes away from this shop. Properly marketing to this huge audience would help to increase business. |
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| Potential for Growth: As individuals are holding on to their cars longer, the potential for growth is expeptional. Maintianing a vehicle is the easiest way to ensure that it lasts longer. This facility has had contracts with the U.S. Mail for vehicle maintenence. Growth should be 5-7% per year |
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| Operations | |
| Year of Last Acquisition: | 2006 |
| Form of Ownership: | Franchise, they own 25% of the business |
| Location | |
| Type of Location: | Commercial |
| Square Footage: | 3900 |
| Facilities / Location Description: 7 bays with 5 lifts, one alignement rack. Nice facility, clean, neat. |
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| Monthly Rent: | $3,615 |
| Option: | Lease is being regotiated to 50% of current rate |
| Terms and Conditions: | 5 year term |
County | Will |