* Included in Asking Price
Unique opportunity to own a well-known, established, and reputable Auto Service & Repair Shop in Sterling, VA. The shop has excellent street visibility on a main thoroughfare. The Dulles corridor has seen tremendous growth over the past decade with continued commercial and residential expansions. There are lots of businesses, many with fleets of vehicles, that need to be serviced along with countless large residential communities in close proximity to the shop whose residents need auto repair and service. The business has recently established regular maintenance and service contracts with two major corporations, one that has close to 1300 cars in the fleet which is expected to generate almost $50k per quarter in revenue. The other account has nearly 550 cars in the fleet which is expected to generate just over $67k per quarter in revenue. Both accounts should provide just over 55% in net income after expenses.
This is truly a one of a kind Auto Service Center that is like no other! They offer a lifetime warranty on parts and labor- something that we believe NO other repair shops in Virginia offer. This shop also offers free loaner cars with repairs to customers that are over 2 hours from a contract the shop has established with a local rental car company. How convenient for customers! The shop has the parking capacity to also sell used cars, which is highly sought after that provides a great opportunity for an additional income stream for the business. The company has established such a good name and relationships they currently provide service and consulting as a government contractor, which may be continued by a new owner if they have the proper credentials and experience. The company is in a position to sign contracts with very large, well-known and reputable shuttle services in the DC Metro area, which can easily generate 10s of thousands of dollars, but the current owner needs to focus on their family and is unable to take on the responsibility making this a great opportunity for a new owner of the business.
Auto Repair Shops are a business that typically thrive in all economies as vehicles always need to be serviced and repaired, a necessity not a need. Don't let this business pass you by and take advantage of the great things current ownership has done and put your stamp on the business to make it even more successful!
|Facilities:||The 7,100 sq ft repair shop is located in an industrial park with quick and easy access to major routes. The space is leased for approx. $10,000/mo. There are 6 bays with 4 lifts as well as an emissions machine, alignment rack and all the other major pieces of equipment and basic shop tools. There are 4 individual offices, a break room, a tech’s nook, and a restroom with a shower. A great location and a nice facility that makes clients feel comfortable, knowing their vehicle is in good hands.|
|Competition:||Standard competition in the industry, but this business does stand out from the rest as they provide both state inspection and emissions testing. They are ahead of their competition when it comes to technology and skilled technicians as other shops often bring their customer’s cars to this shop - that certainly shows this shop knows what they are doing!|
|Growth Potential:||Lots of opportunity for growth with a new active owner. The easiest way to increase revenue is by simply extending the shop hours, especially on the weekends as customers always ask. Other areas of opportunity for growth are by getting airport accounts since Dulles Airport is very close by; increasing/gaining more commercial accounts; providing detailing services as customers often ask; hire another inspector as there is enough of a demand; start mechanics on day and night shifts as there is a demand for evening hours from employees and customers.|
|Training/Support:||Seller will offer necessary training and support.|
|Seller Financing:||Available depending on the final purchase price.|
Seller Reference #HZ280DZ
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