SOLD-Central Coast Specialty Transmission Shop for Sale

strong>SOLD ‘Q1 2024

Top Performing Specialty Transmission Shop

Atascadero, CA (San Louis Obispo)

Asking Price: $350,000

Cash Flow: $213,000.00

Gross Revenue: $833,000.00

FF&E: $50,000

Inventory: Included

Established: 2005

Employees: 4

Business Description:

This successful business diagnoses and rebuilds automatic and manual transmissions as well as differential/gear work – opened in 2005. The Sellers have spent 15-plus years building a smoothly operating service center that provides a reliable and much-needed service to the community. Its 3-year nationwide warranty and commitment to jobs well done have paid off as the business has achieved more than $1 million in sales and has an excellent reputation in the small town.

The shop is turn-key. A Buyer will not have to do anything on day one to ensure the continuation of great work and build on the Seller’s success. FF&E includes 3 lifts, an air compressor, an overhead crane, a flywheel grinder, a forklift, benches, parts inventory, two 40-foot shipping containers, an on-site propane dispensary, computers & office supplies. NDA is required {SUBMIT BELOW} to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Facilities:

The 3,000-square-foot space with 2 drive-thru bays and a loading dock rents for $2,400.00 per month. The shop is on the main street in town and a gated entrance leads into the spacious parking lot. The Sellers started the operation with the large, mostly vacant business and have invested a lot of time and money over the years making the space into a highly efficient space with the room and tools to do good work and keep customer cars on the road.

Competition:

There is little competition in the area. A good reputation for honest work helps in a small town.

Growth & Expansion:

Hire another mechanic or two to increase capacity; particularly those experienced with imported automatics would be an easy and effective way to increase sales. Currently, the shop only works on domestic vehicles. Also adding an EV mechanic and expanding services to include this growing part of the market would help stay ahead of competitors. Updating the website and looking into area advertising opportunities to keep customers local may also help drive revenue.

Financing:

TBD if the deal structure and terms are acceptable.

Support & Training:

To ensure a smooth transition and ongoing success the Sellers will work with a buyer for a month as a consultant, or as negotiated.

Reason for Selling:

The partners are looking to hang up their wrenches and retire.