Albuquerque Best In Class Automotive Repair Shop with Real Property

16 Aug Albuquerque Best In Class Automotive Repair Shop with Real Property

Posted at 18:48h in by Michael Greene

Price: $3,000,000

Location: Albuquerque & Central New Mexico, New Mexico

Industry: Automotive

Listing ID: 2140087

Real property valued at $850,000 is included in the asking price, presenting attractive financing options and allowing you to quickly build equity!

This Albuquerque full-service, fully-equipped import auto repair shop has experienced exponential growth. Sales have averaged a 16% year-over-year increase with Seller’s Discretionary Earnings increasing by 18%. It handily outperforms other New Mexico automotive repair businesses in its class. The business has earned 360 online reviews averaging 4.8 stars, an impeccable reputation, and an A+ rating from the Better Business Bureau. Albuquerque residents have recognized it as the metropolitan area’s best auto repair shop in its specialty, resulting in multiple awards and recognition over the years.

A July 2023 independent certified business appraisal valued the business at $2,220,000. It has also been pre-approved by a reputable SBA lender that has a strong presence in the Albuquerque market and that is offering favorable sub-prime terms. They claim that this is the one of the best run automotive repair businesses they’ve seen!

The next owner will walk into a business with well-organized systems, a training program that quickly brings new hires up to speed, and a range of sophisticated tools. The skilled team is led by a service manager with 20 years’ industry experience. Working a relaxed work week, the current owner focuses on financial management, strategic growth, and other executive tasks.

Listing Details

Revenue: $1,875,396

Cash Flow: $695,950

FFE: $263,000 (Included in Price)

Inventory: $2,000 (Included in Price)

Real Estate:$850,000 (Included in Price)

Lender Pre-Qualified?: Yes

Reason For Sale:

After perfecting this business, Seller is ready to pursue other, non-competing interest.

Training & Support:

Seller will provide up to four weeks of training at no cost to the buyer.

Operation

Year Established: 2012

Year of Last Acquisition: 2012

Days & Hours of Operation: Mon - Fri, 8 am to 6 pm

Owner Hours Per Week: 22

Employees: 8 FT, 1 PT

Managers: 2

Location

Lease Option: Yes

Monthly Rent: 8000

Type of Location: Commercial

Square Footage: 4620

Relocatable?: No

Facilities Information:

Centrally located, attractively updated 4,620-square-foot, 6-bay venue on a secure corner lot with a neighboring secure lot for overflow or long term parking

Summary

Owner Qualifications:

An excellent opportunity for an executive who wants to bring their financial oversight, strategic vision, and leadership skills to the operation, replicating the current owner’s role. No mechanical or technical background is required.

Competition:

Two Albuquerque and one Santa Fe dealership are its primary competition. Repeatedly voted Albuquerque’s best automotive repair shop, this business has a demonstrated record of forging enduring client relationships, achieving top rankings on the search engines, and competing with and often outperforming the dealerships.

Potential Growth:

Adding a tech or two will increase capacity and help to accelerate the business’s historic organic growth. Investing in an Advanced Driver Assistance Systems (ADAS) would also introduce an additional profit center.

Financing/Terms:

This business and real property has been pre-approved for an SBA loan with favorable terms and rates. A buyer with relevant experience should qualify for 10% down.