Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Freestanding Lube & Tune Center with Real Estate
(Automotive)
Dallas, Texas
Listed Price: $ 799,000
Listing ID: 000857

Listing DetailsDown Payment: $ 180,000
Gross Revenue: $ 305,104
Cash Flow: $ 109,935
FFE: $ 75,000 (Included in Price)
Real Estate: $ 600,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Reason for Sale:

Retirement


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

22-Year well established auto repair center with 4 bay freestanding building is now available for acquisition. This business was first established 22 years ago by the current owner of the business in 1997. This business is located in a 2,160 SF free standing building featuring 4 bays next to a busy intersection that crosses the main road of the city, and is surrounded by densely populated residential area and locally owned businesses. There are several corporately owned competitors in the immediate market area, but this business is a family-operated and well established with specialty in automobile and trucks tires as well as other services including auto emission testing, oil change, alignments, brakes and minor engine repairs at an affordable price with exceptional one-to-one service. A large portion of customers consists of loyal customers including walk-in individuals, companies, school district of city etc. that has been accumulated in the last 22 years of operation. Gross sales have been very consistent for the last several years in the range of $295K to $305K per year with minimal marketing thru social media outlet and yellow pages. Although there are many ways to proactively market this auto repair shop, particularly online-based marketing such as social media outlets, email marketing, web-based advertisements, and online managing app services offered to customers will bring new set of customers and contribute to continued success of the business. Marketing efforts on acquiring corporate account to schools, companies, public agencies, etc. can also greatly improve the sales. Currently, only 60% of the 37,679 SF of land are being utilized and the rest of the unimproved land can be used by new owner to expand current operation. Said expansion is becoming highly necessary in order to accommodate rapidly growing population of this city as growing demand of the city is expected to outgrow the capacity of current facility sooner than later. This is a great opportunity to acquire 22-Year tune and lube shop with real estate and vacant land for potential buyer who is willing to be more hands-on in the day to day operation and proactively marketing to reach out to untapped areas of the city.


Competition:

Few corporate competitors are in the immediate market area, but this business is well established and offers professional service related to tires at an affordable price.


Potential Growth:

There's some marketing done through yellow pages and social media outlet, but other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers. Also active owner operator may reach out to acquire more corporate accounts from schools and local dealers.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 2160
Facilities:

This business is located in a 2,160 SF free standing building with 4 bays. It is located right by major intersection of the fast growing city, and is surrounded by densely populated residential area and locally owned businesses. The freestanding building is situated on approximately 22,460 SF of land and there is 15,220 SF of undeveloped land waiting for a new development.


OperationYear Established: 1997
Employees: 3FT
Absentee Owner: No