Auto Service Center
Business Description
This is an opportunity to own an automotive repair center that has been a fixture in its neighborhood for decades. The business offers general repair and preventive maintenance services by its well-trained and long-tenured employees.
About the Business
- Years in Operation
- 73
- Currently Relocatable
- Yes
- Facilities & Assets
- The sellers own the property and is available to purchase. Alternatively, the buyer can lease the building for $86,000/Yr which is reflected in the financials. Purchasing the property will allow the buyer to amortize the total purchase over 25 years, increasing the cash flow available to the owner after debt service.
- Market Outlook / Competition
- This area does not have a large number of retail chain competitors, unlike those found in suburban areas. There are a few independently operated competitors within a one-to two-mile radius, but this is primarily a neighborhood shop.
Looking ahead, the industry is expected to see slow but steady growth. Vehicle mileage in the US is projected to keep rising, which means a continued demand for repairs and maintenance. - Opportunities for Growth
- Opportunities for growth stem from rising vehicle mileage, keeping demand steady for repairs and maintenance. The emergence of subscription-based maintenance services offers shops a way to secure predictable, recurring income while helping customers maintain their vehicles on a regular basis. Technological advances, especially with electric cars and advanced driver assistance systems, create opportunities for mechanics who invest in specialized training and equipment.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,640
About the Sale
- Seller Motivation
- Retirement.
Listing Info
- ID
- 2411087
- Listing Views
- 102
Listing ID: 2411087 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleKentucky Businesses for SaleKentucky Auto & Automotive Businesses for SaleKentucky Auto Body & Repair Businesses for Sale
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