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20+ Yr Established Automotive Modification & Accessory Biz

Detail information about the listing

FF&E:  80,000

Inventory: N A

Growth: The business is booming and there is no competition nearby.  The closest modification shop is approximately 7 miles away and there are few service shops in general within a 2-3 mile area.

 

Further Details: Location:    Pensacola, FL

 

Inventory:    Included in asking price

 

Real Estate:    Owned

 

Building SF:    Included in asking price

 

Employees:    4,000

 

Furniture, Fixtures, & Equipment (FF&E):    3

 

Facilities:    Included in asking price

 

Competition:    Commercial property built in 2007 with plenty of parking and many amenities! Showroom waiting area is 50’x20′ with men’s and women’s separate bathrooms, and the main building also contains 2 office spaces. Garage area is 50’x50′ and features 2 bay doors and 3 Lifts (one 4 post lift and two 2 post).  The outside is freshly painted, and the fully-fenced grounds include a 16 camera 4k security system. Behind the shop, there is also a convenient 2br 1ba apartment unit , which can be used by an owner manager or even rented out to create additional income!

 

Growth & Expansion:    The business is booming and there is no competition nearby.  The closest modification shop is approximately 7 miles away and there are few service shops in general within a 2-3 mile area.

 

Support & Training:    There is an enormous growth opportunity with this business.  Again, the owner has been very selective and has narrowed his service options to modifications and tuning alone, along with window tinting, which almost acts as its own business within a business.  There are no cons.  The area is growing massively and the demographics are excellent.

 

Reason for Selling:    Owner is happy to be involved in the transition and provide support and or training for the new owner, as well as ongoing insight and assistance when necessary!

 

 

Additional Details

  • State:FL
  • Asking Price:$995,000
  • Cash Flow:N/A
  • Established:1994
  • Business Description:Engine Tuning, Mods, Upgrades, Window Tinting & More! Established automotive tuning & modification business that continues to grow at the DISCRETION of the owner! What I mean by this is that the owner has literally turned some business away over the past 5 years because he has become a premier tuning expert (and one of the only ones on the Gulf Coast) and car aficionados seek him out from Louisiana to Georgia for his expert ability. The owner is happy to continue to work with the new owner to assist the new owner in expanding the business in a way he simply did not care to. The business is there and expansion will be easy for the new owner. The owner also has a window tinting business that he has offered in the Pensacola area for almost 30 years and he has a steady stream of clientele and new business that seek his craft. It is a simple way to create additional revenue and the owner has an employee, who is happy to stay on, who does 99% of the work creating a revenue stream of over $150k annually by himself. Add a few techs and increase this by 3-4x easily! The business creates approximately $700k in annual revenue and has done this consistently over the past many years, but growth would be easily achievable with additional staff/techs as the business is attainable and the owner's reputation speaks for itself. Keep the name of the business and benefit from his decades of hard work! The business is booming and there is no competition nearby. The closest modification shop is approximately 7 miles away and there are few service shops in general within a 2-3 mile area. With the business, is a nice piece of real estate and a beautiful building, complete with a showroom, bathroom, kitchen & of course, a large work area with 2 bay doors. A Dyno-Tune is included and valued at $45,000 as well as 3 Lifts (approx $7,000 per Lift). Tools are also included and valued at approximately $50,000 The total revenue of the business and net income is indicated below, but keep in mind that the owner, like most small business owners, "wrote off" as much as the law allows and took advantage of the tax system in paying many bills that some business owners may not need to write off, thus decreasing his bottom line drastically.
  • Support & Training:There is an enormous growth opportunity with this business. Again, the owner has been very selective and has narrowed his service options to modifications and tuning alone, along with window tinting, which almost acts as its own business within a business. There are no cons. The area is growing massively and the demographics are excellent.
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  • Reason For Leaving:Owner is happy to be involved in the transition and provide support and/or training for the new owner, as well as ongoing insight and assistance when necessary!
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