The current owner founded the shop more than 45 years ago with the intention of providing fair and honest auto repair services to the community. After having been in the industry as a mechanic and technician, he realized that ownership was the path towards financial security. While he always had a deep understanding of mechanics, the art and science of running a business was new to him.
The shop specializes in servicing European and exotic cars from manufacturers like Mercedes Benz, BMW, Porsche, Audi, Rolls Royce, Bentley, and Jaguar. Few shops have the equipment and expertise to service these vehicles, which has allowed the shop to establish itself as the repair shop of choice for the owners of these European cars. The shop is also highly equipped. It has a 14 bay work area, and the latest diagnostic equipment. By investing in the latest technology and equipment, the shop remains the one of the largest and most reputable in the area.
The 7,500 square foot property is for sale as well for $1.25M and is located in a high-traffic area of the city.
The current owner's focus on providing high-quality, high-margin services to customers extends beyond the shop’s equipment. The master technician has been with the shop for 8 years and is ready to take on additional responsibilities under new ownership. The master technician, along with the two mechanics are experienced and keep the shop operating smoothly.
The shop has now grown into a well oiled machine itself. It grossed an average of over $550,000 in annual revenue over the last four years, with solid cash flow to the owner. It has a strong customer base and a personalized approach to customer service with a team of 3 employees in addition to the current owner.
After an almost 50 year run in the automotive repair industry, the current owner is looking to call it a day. He’s in search of an interested buyer to buy up the shop. It’s important to him that the buyer has strong ethics, is an honest person, and is dedicated to providing quality service.