Listing Details:

• Business Category:     Automotive
•  Price:                            $1,800,000
• Gross Revenue:            $968,967
• SDE:                               $74,567
• Seller Financing:          $180,000 at 10% for 5 years
  
• Location:                       North Central IA
• Employees:                    7
• FF&E:                             $106,000
• Support & training:        4 weeks
• Reason for Selling:       Pursue Other Opportunities         
• Non Compete:               30 miles for 5 years    
• Years Owned:                 22
  
  
  

Business Description

This business opportunity includes an auto repair shop with real estate, an auto sales lot with real estate, and an adjacent lot that allows possibility for future growth and expansion. The Accounts Receivable (A/R) is the Auto Financing Portfolio which is not included in the list price, but is available if buyer desires.

Known for its fast, friendly, and reliable work, this full-service auto repair shop offers everything from performing diagnostics and routine maintenance, to engine and transmission repairs. The sales lot typically has 20+ vehicles available for purchase; and works with multiple financial networks to meet client needs.   

The ideal buyer will either be an individual who has a passion for cars and wants to become their own boss, or an existing business owner within the industry looking for strategic growth through acquisition.

Seller is open to additional seller financing options.