Active
Auto Care & Sales - Willowbrook Ares
This is a profitable auto & truck repair shop and preowned auto sales lot located in the Willowbrook area on the North side of Houston on the end of a busy shopping center. The business provides full auto repair and related services for individuals and commercial accounts. The repair shop has 6 bays, 3 lifts, 1 alignment lift, and an in ground pit for oil changes and under body repairs. They also do State inspections for 30 to 40 vehicles per month. A portion of the shop is subleased to a used tire shop. Staff includes a Shop Manager and a mechanic. The two owners handle preowned car sales with 15 to 20 cars on their lot. They offer several types of vehicle financing as well as their own seller financing. Currently there are outstanding car notes of $200,000 which is optional to purchase. The business has good financial records which will enable SBA financing with 5% to 20% down payment.
Listed By: Jeffrey Jones
Background information
Reference:
82517
Year established:
2021
Reason selling:
Partnership split up with the owners going in a different direction.
Finance
Sales:
$1,562,823
Profits:
$280,691
Operations
Employees:
Shop Manager, Mechanic, and two owners.
Equipment:
See equipment list in profile.
Inventory:
$15,000 parts, oil, & filters. $115,000 preowned vehicles
Premises
Facility:
This 6 bay shop is located on the end of a busy shopping center and ample room for auto parking and storage.
Square footage:
6,810
Rent and lease terms:
Gross monthly rent is $5,312.70. Lease expires 3-31-27.
Location:
Willowbrook area.
Price and terms
Price:
$670,000
Down payment:
$135,000
Financing:
This business will qualify for a new SBA Bank loan with approximately $135,000 cash down and a 10 year note for $535,000 payable over 10 years at 8% interest = $6,491.08 PM.
Training:
As needed