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Full-service Auto Repair Shop - SOLD

Location: Morehead City NC

ID: (#200949)

This Business Has Been Sold.
200949
Price:$670,000
Revenue:$950,000
Cash Flow:$260,000
FF&E (Assets):$54,000
Inventory:$30,000
Real Estate:$0

Overview

Well-established full-service auto repair shop with excellent reputation. Highly skilled employees service commercial fleets and residents year-round. Located on mayor throughfare. Systems and processes in place. Semi-absentee ownership.

Details

Reason for Selling:

Retirement

Established:

2005

Employees:

6

Furniture, Fixtures, and Equipment (FF&E):

All equipment, fixtures and furniture are included in the sale.

Facilities:

3,500 sqft workshop and office space leased.

Inventory:

Larger inventory items in stock fluctuate around $30,000-$40,000 and will be sold separately at Closing at seller's cost. Not included in asking price.

Competition:

The few competitors in the area are of no concern due to this shop's great reputation. Very limited spend for advertising and marketing.

Opportunities for Growth:

Adding more mechanics and proactive business development.

Support and Training

Seller will be available for a reasonable transition and training period subject to negotiation.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (910) 520-0737 Office
  • (910) 623 9033 Fax
  • Appointment Only:
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486