Au
 

UNDER CONTRACT Albuquerque’s Premier Auto Repair Center

UNDER CONTRACT Albuquerque’s Premier Auto Repair Center

Price: $995,000

Location: Albuquerque & Central New Mexico, New Mexico

Industry: Automotive Repair

Listing ID: N218

This reputable, SBA pre-approved business is one of the most comprehensive auto repair centers in Albuquerque. It operates out of a 5,000 square foot facility with six bays, a strong street presence, and a prime location. With year-to-date gross revenue already up over 15% from the previous year, 2021 is on track to be the business’ best yet.

The business has over 3,000 active clients and 10,000 names in its customer database. It is affiliated with a nationally known brand, has fleet contracts in place, and over 570 4.8-star online reviews.

The ASE-certified mechanics average three-plus years with the business, and the shop foreman has been with them from the start. Customers praise the mechanics for the equality of their workmanship, the service writers for their accurate quotes, and the entire operation for its professionalism. The employees are loyal, well-compensated, and take pride in being associated with one of the best auto care centers in the region.

From preventative maintenance to complete engine and transmission rebuilds, there is no problem the shop can’t handle. Dealerships and other shops refer customers to this business when they encounter a situation they cannot diagnose or fix. The business has a loyal customer base, an active referral network, and a broad service area.

Listing Details

Revenue: $1,508,608

Cash Flow: $321,305

EBIT: $255,856

EBITDA: $235,653

FFE: $214,100 (Included in Price)

Inventory: $8,500 (Included in Price)

Real Estate: (Not Included in Price)

Form of Ownership:

llc

Reason For Sale:

Retirement.

Training & Support:

Seller will work with new owner to provide a smooth transition and is offering to provide on-site training for up to four weeks. Details to be negotiated.

Operation

Year Established: 2008

Year of Last Acquisition: 2008

Days & Hours of Operation: Monday - Friday, 8 am - 5 pm

Owner Hours Per Week: 40

Non-Owner Payroll: $-1

Employees: 6

Managers: 1

Location

Security on Lease: 5000

Lease Option: Yes

Monthly Rent: 5000

Type of Location: standalone commercial, high visibility, strong traffic counts

Square Footage: 5000

Relocatable?: No

Facilities Information:

Well-maintained 5,000 SF, 6-bay shop with a bold and bright presence between two major intersections. Over 11,300 vehicles pass by on any given workday. The facility also includes multiple offices, reception area, and break room. Set on over three-quarters of an acre with ample secure parking.

Summary

Owner Qualifications:

This strong and stable business represents a strong opportunity for a mechanic or service writer to step up to owning their own business and making the income that they never could working for someone else. If someone hires a General Manager with an automotive repair background, this could be a mostly absentee-owner opportunity.

Competition:

This is a well-known and reputable local brand. Reputation, the ability to work on all makes and models, and a loyal customer base differentiate it from other shops in the area. A good portion of customers drive from Belen and Santa Fe because they don’t trust their vehicles to any other mechanic.

Potential Growth:

Despite 2020’s stay-at-home orders, travel limitations, increased unemployment, and barely any advertising, the business grew its gross revenue by 14% and Cash Flow by 10%. This is a business with very consistent gross revenue and cash flow. Additional ways to grow the business can be discussed upon receipt of an NDA.

Financing/Terms:

SBA Pre-Approved. Possibility of 0% down financing available for a business owner in an auto-related business who is looking to expand.

Michael Greene

info@samgoldenberg.com
505-820-0163
Address:
126 E. De Vargas Street, Santa Fe NM 87501

Fill Out Our NDA