Auto Repair - Rapid Growth
Location Chicago, Illinois, United States
Asking Price Range < $250K
Gross Revenues $250000
Net Profit / Cash Flow $70000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2001
Number of Employees 1 - 3
Inventory 35000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Provided By Seller.
Reason for Sale Illness In Family.
Description New auto repair business in Chicago for sale. In business for 3 years, in established, high traffic location for 1 year. Shares an 18,000 sq ft facility with a collision repair company. Additional profit by offering body work at reduced prices by subcontracting body repairs. Shop includes eight total vehicle lifts and work bays, standard shop machinery, private office, waiting room, adjuster work room, parts room, one courtesy car, credit card and check verification machines, computers, office equipment, and $5,000 in combined working capital and good accounts receivable. Computerized customer database, invoicing, and estimating. New customer acquisitions each month, and customer base includes several large corporate clients. Property lease is good for another 13 months with option to renew in 2 year periods at 2% rental increase (includes $5,300 security deposit). Seller will work on commission for at least one year after sale in a sales, management, and training position. Seller can increase annual revenues 75% or more in first year. Seller will finance a portion of the sale. Contact for more information on this Auto Repair business for sale. Will sell for $55,000.00
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