Established 50+ Year Old Premier Automotive Services

Price: $1,399,000

Annual Revenue: $1,125,000

Minimum Equity Required: $200,000

SDE: $0

Location: Nova Scotia

Industry: Services

ID: 1364

Status: Sold

Description

For over five decades, this Automotive Services business has been supporting the community with more than your normal oil changes, tires, and brakes. Their focus has been more so on diagnostics. This fully equipped facility in a prime location has a long-standing reputation for excellence and reliability.

Fully equipped 6 bay service centre - 6 hoists (5 rotary + 1 symmetrical), 1 alignment, 2 tire changers, 1 balancer, all tools. Only mechanical. 1100 L waste oil.

For qualified buyers with operational experience, there is much upside that can be immediately created. (type of customer, service offering, and shop rates). If you're familiar with the business and you have the ability to attract and retain qualified staff, there upside can be significant.

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions when the listing becomes live.

Financial Information

The sale is structured as an Asset sale of the Building, only. The sale price does not consider / include the sale of the business and equipment.

It would be worthwhile considering the benefits of acquiring the building by way of a share sale, to reduce the deed transfer tax and future property taxes.

Operations

This well constructed, 6 bay, 4,000+ sft (66*61) steel building is situated on 30,000 sft of land located in a prime traffic area with high visibility. Plans have been drawn up to add 2,400 sft on the back. Just over 10 years old.

Built building in 2012. 66*61, all metal, insulated, heat pump, and electric forced air.

*Gateway Business Brokers operates as an independent contractor and is not an agent, employee, partner or broker of the Seller, Buyer or any other party and does not owe fiduciary duties to prospective Buyers. If the business Purchase involves a transfer of real estate, of any kind, the Buyer/Purchaser shall obtain the services of a licensed lawyer for the conveyance and land or lease transfer element(s) of the transaction.

For more information on this listing, please complete our Non-Disclosure Agreement

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