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Automotive Service Equipment For Sale

Norfolk County, Massachusetts
Asking Price:
$589,000 (USD) Inventory / Stock included
Sales Revenue:
$1,900,000 (USD)
Cash Flow:
$219,000 (USD)

The Company is primarily a seller, installer and servicer of equipment used by car dealers, auto repair shops and any company that services their own fleet of vehicles and individuals who service their own vehicles. They represent top manufacturers in the industry, some of whom they have exclusive and semi exclusive arrangements. The Company sells tire changers, car lifts, wheel balancers, alignment machines and other automotive service related equipment. Their gross margin is in the 30-35% range. Seasoned installers/service technicians. Clients are about 70% from MA, 15% CT, 10% RI and 5% other New England states. This well established Company (over 30 years) provides stellar customer service with most customers being repeaters or referrals. Other than their web site, they do no marketing to get new customers. Business includes 2 vehicles with cranes. Seller will train a qualified buyer. Perfect for an owner operator with sales and marketing skills. Company has revenues of approx. $1.9 Million with an owner operated cash flow in excess of $200k. Price includes $100k in inventory.

Property information

Real Estate:

Lease

Premises Details:

Free standing building with parking in a mixed residential/industrial area Space is 3,120 sq. ft including an office area and warehouse space for the inventory and vehicles. The real estate is owned by the Seller, who will consider a purchase of the real estate, which also includes a house next to the facility. The proposed rent for the facility would be $3,500/mo. Gross lease.

Business Operation

Expansion Potential:

Install for manufacturers National Accounts
Broader category offerings
Proactive marketing for new customers
Offer service on lifts not sold by the Company
Expand website
Consider hiring a sales person

Competition / Market:

While there is a fair amount of competition for these products, the Company sells a very good quality product and offers delivery and installation of their equipment, which is many times not the case with competitors. They also have an excellent reputation for customer service, based on the quality of their installers/service technicians and the attitude of the Company to satisfy their customers.

Reasons for selling:

Retirement.

Trading hours:

Monday-Friday 8am-5pm

Employees:
3 FT
Years established:
30

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.
Car lifts, Wheel balancers, tire changers and other equipment used in auto repair facilities. No special licenses needed to run the business. The Seller is the sales person, so it would be very beneficial for the Buyer to have sales and marketing skills.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$400,000 Down / $189,000 for 60 mos. @ 6%

Furniture / Fixtures value:
$75,000 (USD)
Inventory / Stock value:
$100,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

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