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Automotive

Established Auto Repair Shop

Minnehaha County, SD, USA
Listed 109 days ago

For almost two decades, this Auto Repair and Tire Shop has established a quality reputation for quality work and excellent customer service. The owner currently oversees the business, but has staff that handle customers and scheduling, and a full crew in the shop. Seller also owns the Real Estate that houses the business, and keeps the building and shop in great shape. The real estate is offered for sale, with the price included in the asking price. Seller is looking for a buyer who can continue to serve the existing customer base and take the business to the next level.

Employees

6 FT

Real Estate

Real Property Included

Trading Hours

Monday-Friday 8am-5pm

Management Type

This business is owner operated.

Premises Details

The business is housed in a stand alone commercial building approximately 9,000 square feet, with several overhead doors, a large parking lot, with quality visibility and location. Seller owns the building and is looking to sell it, price of real estate is included in the asking price.

Years Established

15

Support & Training

Will train for 3 weeks @ $0 cost.

Expansion Potential

Going forward, a new owner can look to add personnel to maximize the earning power of the facility. Potential also exists in subleasing extra space in the building/real estate.

Competition / Market

The business has plenty of direct and in-direct competition, but over almost two decades, the business has built a large customer base that will continue to trade with the business.

Inventory / Stock Value

$25,000 - included in the asking price

Reason for Selling

Owner looking to retire.

Financials

Asking Price
$1.9M
RevenueMost Recent Year
$1.0M
Earnings (SDE)Last Reported
$219K
Assets ValueIncluded in Asking Price
$200K
Seller Financing
Not available

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