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Asking Price$215,000
Revenue$420,000 Established1968
Cash Flow$40,000 Employees4 full-time
FF&E$181,000* FranchiseNo
Inventory$15,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
The Green Bay Packers had just won Superbowl 2 when the seller started this business in 1968. Over the next 43 years the business developed a knowledge and reputation for thoroughness and expertise throughout Lake County. Remember when you could take your car to your "Shop" and they would look after everything...they knew your name and the names of your children and seemed to genuinely care that you drove a safe and dependable vehicle...this is that "Shop"!
The shop has also developed a reputation for their knowledge of classic muscle cars...they're "Muscle Car Whisperers". In the Sprng, just follow the first perfectly restored classic car you see and they'll take you to this shop.
Facilities:The seller owns the 10,000 sq.ft. building housing this long-time automotive service center. The service center occupies 3,600 sq.ft. with 6 bays & above ground lifts. The facility is located on a busy thoroughfare and is easily accessible from both directions. The seller would offer the buyer an attractive lease at $9/ft or $32,400/yr or the building may be purchased.
Competition:This is the only automotive service center in the County with a dynamometer! The business is well known for their knowledge of classic muscle cars. Stop by their shop and you're likely to see some of the finest muscle cars in Chicagoland.
Growth Potential:The business employs some of the local industry's finest and most knowledgeable mechanics. Their productivity is excellent and their knowledge rpovides a real opportunity for upselling an oil change into an alginment and brake job. What the business needs to grow is new energy behind the retail counter and outside sales tied into the local business community.
Training/Support:The seller is partially retired from the business; however, he and his current manager would provide the necessary traing & transition to the buyer.
Seller Financing:Seller would consider
Sale Reason:The seller's health dictates a full retirement
Ad #18843
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Contact This Seller
Douglas Walker
Sunbelt Business Brokers of Greater Chicago
847-526-9699
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