Car-Guy Heaven!
Location: Oregon > Marion County
Industry: Auto Related > Other Auto Related
Financials
Asking Price: $295,000
Gross Revenue: $543,533
Gross Revenue Comments: Combination historical and projected
Cash Flow: $213,916
Cash Flow Comments: Combination historical and projected
Inventory: $4,000 (Included in Asking Price)
FF&E: $92,000 (Included in Asking Price)
Seller Financing: Seller will consider possible small seller financing, but expects buyer to bring a combination of at least 20% down payment and conventional financing for most of the purchase price.
Business Summary
This exciting automotive offering is just about the most fun business a car-loving guy can own! Classic cars, hot rods, muscle cars, etc., etc.! Then throw in the occasional parade and car show, with new business prospects coming to you! A proven financial success, with high-end clients bringing more business than the facility can handle. Better yet, the existing staff of mechanics know what they're doing and are expected to stay on. The owner is retiring. Actually, he reports that he has pretty much already retired, and that he hasn't been doing much to grow the business this last year. There is little competition in this market area, due to the well-known superior expertise of the staff. Owners of these rare cars won't entrust them to just anyone. The asking price is below the broker's market price opinion. The owner is ready to sell now and he wants to get immediate action, so don't wait around! Please note: the business has been growing rapidly over three years. The stated revenue cash flow are partly historic and partly projected: based on seven months of 2008, annualized.
About the Business
Year Established: 2005
Employees: 4 full time -
Facilities: Spacious shop, showroom, and office area. There are 6 years left on a 10-year lease. Fully equipped with lifts and all tools and equipment required for high-performance automotive mechanical and exhaust work.
Market Outlook and Competition: Plenty of space, and plenty of customer demand; turning work away. Would need to hire more mechanics. Owner says that he just didn't want to hire more people. He's ready to retire and doesn't want the hassles.
About the Sale
Management Training and Support: Two weeks of full time orientation, followed by 30 days of telephone availability, at no charge. Possible consulting support thereafter.
Reason For Selling: Retirement.
Attached Files - Attachment Disclaimer
Yellow Hot Rod - Customer car606 KView | Download
Front of shop - Front view of facilities.590 KView | Download
1931 Lincoln - Customer car529 KView | Download
Showroom desk - Showroom desk582 KView | Download
Lift racks - Shop equipment580 KView | Download
Clean tool area - Tool area in shop552 KView | Download
T Roadster - Customer car591 KView | Download

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Listing Tools
BizQuest ID:905210
Business Listed By
Name:Gary Richards
Company:Prudential Real Estate Professionals
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.