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Business Description 8 BAY AUTO SHOP Verified listing Verified listing

Business Description 8 BAY AUTO SHOP

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Description

Business Description 8 BAY AUTO SHOP

For sale is an 15-year-old Autoshop repair center in Arizona, that services
individual customers and is located in one of the fastest-growing cities in the
state. They work 100% through insurance and offer towing, automotive glass
replacement, motorcycle repair. The business works with all insurance companies
but is not in contract with any of them, giving them more pricing flexibility. They
only use OEM parts (not used, salvaged or aftermarket) and focus more on
increasing revenue per car versus bringing in more cars. They buy significant
OEM parts from their leading supplier making them the fifth largest customer in
the nation for purchasing those particular parts. Currently they have around
$250,000 in FF&E.
40% of business is repeat customers, 30% are from Google reviews, and 30%
are referrals. They work on three to five cars per day and have an average order
value ranging from $800 to 2500 per car ticket! These are solid customers!
The owners’ roles will need to be replaced as they want to pursue other
entrepreneurial ventures and have the flexibility to move out of state. Two full-time
employees can manage the shop and are cross-trained in the owner’s
responsibilities (except for Quickbooks and accounting). There are no specific
licenses or certifications needed to run the business. Prior experience in Auto
Repair is helpful but not necessary and can be learned. Financials are solid, only
year that was slow was during COVID. This is SBA Approved on the business.

 

Financial Overview
Asking Price: $2,100.000.
Revenue: $2,214.851 (2023)
Income: $553.712. (2023)
Multiple: 3.8x

2021 2022 2023 Jan-Aug 2024
Revenue 1.350.451 US$ 2.315.816 US$ 2.214.851 US$ 2.450,000 US$
SDE 337.500 US$ 578.750 US$ 553.712,00 US$ 2.550,000 US$

 

Contact Us Now

    Status

    PENDING

    City Price

    Phoenix, AZ ----------> Price $2,100.000

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    Business Exits

    Steve Sudlow Associate Broker West USA Realty

    16150 N Arrohead Fountain Center Dr Suite 100 Peoria AZ 85382

    Buy Your Own Business
    HQ: 140 S Arthur St #600, Spokane WA 99202

    Lic. No: 14226024-SA00 | Phone: 602-578-2581

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    • Email: steve@vbexits.com
    • Phone: 602-578-2581
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    Ana Marie Beltran
    909.525.2622
    5857 Pine Ave. Suite B Chino Hills, CA 91709

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    Cal DRE# 01394533
    Cal DRE# 02069819

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