Automotive Repair Shop for Sale

$275,000

Annapolis, MD

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Cash Flow:
$105,352
Pretax Income:
$40,103
Gross Revenue:
$623,729
Established:
2010

About the Business

After a first career in another industry, the owner of this shop knew he wasn’t ready to retire just yet. In 2010, he decided to open up an automotive business, which married his entrepreneurial drive with a fascination with mechanics and a love for serving customers.

Over the past decade, the business has grown into a thriving general automotive repair shop. It has a healthy mix of commercial (fleet) customers as well as consumer customers. The business has consistently brought in over $500K in revenue each of the past three years, with only a minor dip due to the COVID-19 shut downs.


With a staff of certified and trained technicians, the business is the ideal acquisition for an entrepreneur looking to buy and grow a business in the automotive repair space. It has strong unit economics and multiple channels for revenue and margin expansion.

Detailed Information

Employees
5 FT
Market & Competition

While there are a number of auto shops in the area, this one sets itself apart through integrity, quality, reliability and clear communication. Customers always know that they will receive fair pricing and that they get what they pay for. As a result, the shop has a well-to-do owner base and very strong reviews online.

Growth & Expansion

The shop primarily serves two of the largest producers of cars. With the right talent, they can expand to other producers as well. Given the shop's supplier relationships and existing clientele, this would be a relatively seamless expansion opportunity.

Outside of this, another option is to expand within the current service lines, through more hours open per week or investing in marketing promotions and deals. The main channels currently are referrals and online reviews, with little to no money spent on paid advertising.

Lease Expiration
5 Months, Renewable
Real Estate
Leased
Facilities

The shop is located near a town centre with eateries, shopping and banking within walking distance, allowing customers to run errands while work is done.

The facility includes multiple bays, parking spaces, 24/7 monitoring, and a clean and pleasant customer waiting room with a restroom.

Support & Training

The owner is willing to stay on for between 1 and 3 months to help introduce the buyer to key clientele, the employees, and the main distributors.

Reason for Selling

The owner is looking to retire.

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