Two Established Transmission Repair Shops - Semi-absentee Owner

Harris County, TX

Two Established Transmission Repair Shops - Semi-absentee Owner
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Asking Price: $995,000

Cash Flow: $252,956

Gross Revenue: $2,402,049

EBITDA: N/A

FF&E: $206,000

Inventory: $30,000*

Rent: $9,000 /Month

Established: 1975

*not included in asking price.

Two Established Transmission Repair Shops - Semi-absentee Owner

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Business Description

*TRENDING* STRONG EARNINGS, PRICED TO SELL!

Two well-established transmission repair shops in growing communities both located in north Houston. One was established in 1975, another one was established in 1990. Both have excellent reputations in the communities and have been growing fast since the current owner took over the business in 2016 and 2018, respectively.

A semi-absentee owner spends approximately 25 hours a week in the business. Each location is operated by its own experienced and dedicated manager with a stable team.

The revenue of both locations was $2,402,049 with total EBITDA of $252,956 in 2018. The revenue in 2019 is projected to be reflective of that of 2018 with nearly $276,000 in EBITDA.

The seller is retiring, so would like to sell the business to someone who can keep the business growing. The seller will train the buyer for a period of 4 weeks at no cost and is willing to assist the new owner as needed with the period and compensation being negotiable.

This business is an excellent opportunity for those who want to acquire a profitable and turnkey operation with a well-established system.

Automotive skills are not a significant factor to own this business, however, new owners need to be able to communicate and work with blue collar employees, ideally have people skills. Having marketing and sales experience is a benefit to business.

Detailed Information

Location:
Harris County, TX
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
11,400
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The first shop has been serving the Tomball, Spring, and north Houston area since 1975. It has been in the same location for over 4 decades. Another one was established is 1990. The current owner bought the first one in September 2016, and then bought the second one in March 2018. Since inception of the first store (1975), the full-service transmission business has serviced and repaired transmissions for all foreign and domestic makes and models. Both locations are among the most trusted transmission shops in the Greater Houston Area!
Competition:
Full-service transmission shops. Services and repairs transmissions for all foreign and domestic makes and models. Serving Tomball, Spring, and the greater Houston. Quality repairs, fast turnaround and affordable rates. Most trusted transmission shop in Houston for the past 4 decades. Free car towing service. Free diagnostic testing service. Multiple financing options for the customers. Lifetime warranty for the rebuilds. Specializes in performance upgrades for all makes and models. Excellent location demographics. Friendly and experienced staff. Specializes in transmission of antique cars and 4x4 trucks.
Growth & Expansion:
The buyer has the option to expand services to offer auto repair services, paint and body shop repairs, as well as apply to be a preferred insurance shop. In additional to the growing community, the businesses is currently not actively participating in any marketing initiatives. By adopting more marketing initiatives to increase presence in the community such as a more elaborate website, some social media advertisement, and pay per click advertising, a new owner would undoubtedly see new clients and increased traffic.
Support & Training:
4 weeks
Reason for Selling:
semi retiring
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(from currently available funds)
 
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Austin Zhao

Business Listed By:
Austin Zhao

Transworld Business Advisors

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Sponsoring Broker:
Gerald G. Brisson, CBI, M&AMI, CMAP

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