Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Imported Genuine Engines Wholesale and Repair Shop
(Automotive)
Dallas, Texas
Listed Price: $ 200,000
Listing ID: 000937

Listing DetailsDown Payment: $ 100,000
Gross Revenue: $ 650,000
Cash Flow: $ 180,000
FFE: $ 20,000 (Included in Price)
Inventory: $ 75,000
Reason for Sale:

Relocation / 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:

Prime location imported engine wholesale, rebuild, and repair shop in North Dallas is now available for acquisition. This business was originally established 6 years ago by the son of the current owner of the business in 2014. This business is in a 4,800 SF freestanding building that is located in the hub of a city that is well-known for a corridor for automotive-related repair shops. Originally, the son operated the business for the first 4-5 years and much more experienced and knowledgeable father took over the business in May 2019 and the sales have significantly gone up since. Competition is expected for this type of business industry, but this business has a competitive advantage over others by importing genuine and original engines and parts directly overseas from Japan offered at reasonable and affordable price points and few other competitions have gone out of business in the immediate area. This engine wholesale business not only offers high quality, genuine parts and engines that are imported from Japan but also provides general automotive services such as brake repair, transmission repair, engine repair, and engine rebuild. This business has an established customer base and consists of individuals from the local area, out of state, and used auto dealerships from the surrounding area. Gross sales have been approximately $27,000/month while the son had been operating, but since the father took over the business in May, the sales have significantly increased to $43,000/month with minimal marketing in place. The 2020 revenue is projected to double 2019 due to the expertise, knowledge, and customer service the current owner is fully able to provide. Currently, the majority of the customers are from word of mouth and referrals and minimal marketing is in place. The owner is not proactively marketing the business in fear of overwhelming workload and not being able to provide quality service and jobs on time. In order to fully achieve maximum income potential, hiring an additional technician and implementing proactive marketing methods such as social media outlets, email marketing, web-based advertisements, direct mailing, etc. are needed to be fully utilized. Marketing efforts on acquiring corporate accounts to local auto dealers can also greatly improve the overall sales. There are lots of unused spaces in office that could be turned into more showroom style with engines, transmissions, and retail merchandise to advertise the products that the business provides. This engine wholesale business has done very well with its groundworks and poised for next-level growth with more proactive marketing and tech-savvy owner. A potential buyer will have to be experienced and knowledgeable in this industry and needs to put some marketing effort into promoting the business to expose itself to not only local customers but also the online marketplace.


Competition:

This business has no competitors in the immediate market area because the engines are high-quality genuine parts directly imported directly from Japan and the pricing point is very affordable and reasonable.


Potential Growth:

There is currently no marketing done to proactively grow the business, and the business needs a full scale of marketing which includes online and offline marketing. The working area itself is almost over 3000 SF and has 5 lifts but is being underutilized. An owner with an experience may expand the business to add offer more general auto related repairs to increase overall sales.


Financing/Terms:

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


LocationSquare Footage: 4800
Facilities:

This business is located in a 4,800 SF of freestanding building is located next to an intersection with consistently heavy traffic as well as densely populated neighborhoods. This business has plenty of parking spaces and is only open for 5 days of the week. All equipment is in great condition and in working order.


OperationYear Established: 2014
Employees: 3FT
Absentee Owner: No