Great work-life balance for ownership! Situated in Greater Worcester, this automotive repair and preventative maintenance shop services to customers surrounding its radius, from collision or front-end work to parts replacement, brakes and oil changes. Dawning fleet accounts, including that of a nationally recognized corporation, ongoing retention of suppliers, and their big visibility and access to high population density opens opportunities in taking company to the next level via strategic plans and expansions. The well taken care of, shop-based building measures 2,000 square feet, featuring maintenance shop, office spacing and waiting area. Recently upgraded with facelift and new lighting, property is capable of expansion and can be preferably purchased. In addition to the shop, this property includes two rental properties and the owner’s residence. Collectively with 7 acres of quiet lakefront property, the estimated value is around $1,500,000. A strong and experienced team of ten nonunion employees agree to remain post-sale and keep up with streamlined operations, for minimal owner involvement after a smooth as-needed transition period for acclimation. Besides a well-kept website and top reviews, potential for maxed productivity exists through online engagements, as marketing efforts currently rely on backed verbal referrals from a sized and recurring customer source. Taking a new specialty with towing services, company is in the midst of growth after recent recession, as Revenues for 2021 reached $1,585,163 alongside Discretionary Earnings of $377,744, based on an independent evaluation!
- Freehold Price:
- $3,000,000 (USD) Furniture / Fixtures and Inventory / Stock included
- Lease Asking Price:
- $1,500,000 (USD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,585,163 (USD)
- Cash Flow:
- $377,744 (USD)
- Real Estate:
Available as lease or with real property included
Triple Property valued at $1,500,000 can be included in Sale for the Total Purchase Price of $3 Million.
- Premises Details:
Real Estate features 1 House of $500,000 value and 2 Tenancies of $450K each.
- Size in square feet:
- 2,000+/- atop 7 acres.
- Reasons for selling:
Approaching retirement and/or pursuing other interests.
- Trading hours:
Monday to Friday 8AM - 5PM & 24/7 Towing.
- 10 nonunion.
- Years established:
- Started & Operated in 1946 / 1947.
- Support & training:
Minimal owner involvement after a smooth, as-needed Owner Transition period.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
Negotiable up to 20% for the right buyer.
- Furniture / Fixtures value:
- $541,181 (USD) - included in the asking price
- Inventory / Stock value:
- $25,000 (USD) - included in the asking price
- Lease asking price:
- $1,500,000 (USD) - Furniture / Fixtures and Inventory / Stock included