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Listed by:

Beacon

European And Exotic Full Service Auto Repair Shop For Sale

Cook County, Illinois, US
Asking Price:
$500,000 (USD)
Sales Revenue:
$608,192 (USD)
Cash Flow:
$190,778 (USD)

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.

Property Information

Real Estate:

Real Property Included

Location:

The store is located in a many metro area and its surrounding suburbs. The shop has a waiting area for customers along with an office space that was remodeled in 2021. For customers who aren’t able to wait at the shop, easily accessible public transportation.

Premises Details:

The 7,500 square foot commercial property is for sale with the property at $1.25M, or $166 per square foot. More details about the property are available upon request.

The facility includes 4,000 square feet of shop space with a 14 lift work space. The shop is well equipped with the latest diagnostic equipment and inspection equipment, which is included in the sale.
The shop’s front facade was reconstructed and redesigned in 2006.

Size in square feet:
4,000

Business Operation

Expansion Potential:

There are a number of opportunities to grow the business. First, a buyer could invest in outside sales to drive more customers to the business. Given the shop's close vicinity to the large, wealthy suburbs of of the metro area, there is a large part of the local market that is untapped. Second, there are a number of marketing channels like paid search and CRM marketing that are not being used currently. Third, the facility has ample room to expand both in terms of enclosing the carport for additional work space as well as hiring an additional technician.

Another key opportunity that the owner has identified is Mercedes small truck servicing. Given the growing trend of SUV ownership, the new owner could invest in the processes and marketing to drive more SUV-owners to service their cars with the shop.

Competition / Market:

The one threat area is universal with auto shops: reputation makes or breaks the business. The new owner will need to be very proactive in maintaining the standards set by the current owner as it relates to customer service and attention to detail. Being relaxed on these fronts would set up the business for poor online reviews and make continuing or surpassing the current owner's success a difficult task.

The largest weakness of the business is marketing. While free marketing channels like referrals and word-of-mouth drive a constant stream of business, the website is not overly optimized for SEO and online advertising channels have not been tested, much less optimized for the best copy and creative.

Reasons for selling:

After a long career in the automotive industry, the current owner is ready to enjoy some much deserved retirement.

Employees:
3
Years established:
47

Other Information

Support & training:

The current owner is willing to stay on for between 1 and 3 months to help introduce the buyer to key clientele, the employees, and the main distributors.

Website:
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