Listing Number: 103405-838503
Description
Successful 26-year nine bay auto repair shop. Consistently over $1.0m in annual sales. Seller owns the building and will close on the building in 2025 to buyer of business. Nine bay shop is largest in the area. Everything inside of the shop is state of the art including three generators as back-up, and oil and air lines overhead in each work area. The building also has a very attractive and newly decorated office location separate from the shop. This is a perfect opportunity for a technician to purchase their dream business. The business has been an excellent investment/career for the seller, and seller wants to see it handed to someone else who will take the business to new levels.
With business being located on Bainbridge Island, seller has built up a loyal customer base. There are only two other competitors on the Bainbridge, and it is unlikely there would be new competitors who would be zoned to enter the market. Business is recession resistant as displayed in pandemic with owners wanting to keep their current car running.
Building is a former Chrysler dealership constructed in 1939, and has great "bones". Seller constructed a 3-office addition on the second floor which consists of a bathroom, conference area, and kitchenette area.
If you are looking to work for yourself and enjoy the fruits of the seller's labor, this is the opportunity for you!
Listing Details
- Price: $ 775,000
- Down Payment: --
- Sellers Discretionary Earnings: $ 361,000
- Total Sales: $ 1,314,000
- Location: Kitsap County, Washington
- Inventory: $ 25,000
- FF&E: $ 280,000
- Employees: 7
- Year Established: 1997
- Reason for Selling: Owner Retirement
- Category: Automotive
