Services - Auto Repair, Parts & Svcs | Services - Miscellaneous Repair

Asking Price	$315,000	Inventory
Gross Income	$188,342	Real Estate
Cash Flow	$42,964	Year Established	N/A
FF&E	$260,000*	Employees	2FT+1PT+ Owner

* included in the asking price

** not included in the asking price

This business is an engine remanufacturing facility, which does work and repair on all engines, both domestic and import automobile, truck, tractor, motorcycle, ATV, snowmobiles, and water craft. This company has been long established and well known, as it has been serving the greater Treasure Valley community for 44 years. One of its advantages over competitors is crankshaft reconditioning that includes rebuilding cylinder heads, resurfacing, installing guides and seats, boring, power honing, line boring cylinder blocks, balancing, blueprinting, connecting rods reconditioning, and more. Company employees include one journeyman machinist, who has been employed for 14 years, one apprentice machinist who has been employed for 2 years, the owner who does some machining, management and promotion, and his wife who acts as bookkeeper and assists when needed (part time). The sale includes a variety of Storm-Vulcan, Rottler, Sunnen and Tobin ARP machines. All shop equipment is USA manufactured. Total current fair market value of the all the assets is estimated at $260,000. The owner is willing to introduce and recommend the buyer in person to key personnel in current business and dealer accounts. He will provide support and training to the successful buyer to ensure a smooth transition. Plus, the owner will help move the equipment to its new location in the local area, if necessary. This company's customer base consists of individuals, independent repair shops, other companies, and dealerships. While there are a half a dozen or so other engine repair shops in the greater Treasure Valley, this facility is well established and has great potential to grow extensively with the promotion of services. The owner has purposefully held back the business due to his age and retirement desires.

Facilities: Business currently occupies a 2,700 square foot shop on owner s personal property. New owner will need to relocate the assets. Owner has the equipment to assist with moving. All that is uniquely required of a new facility is three phase power. Owner s cash flow includes the rent expense of a similar facility.

Competition: 70 percent of its business comes from individuals and 30 percent comes from dealerships. While there are half a dozen or so other engine repair shops in the greater Treasure Valley, only one has been in business as long as this company and none offer such an extensive line of engine repair services.

Growth/Expansion: There is enough business to keep 4 employees busy full-time. As he approached retirement age, the owner only wanted business volume for 2 employees plus himself, so he curtailed advertising and soliciting new business from dealerships. Growth is available to an owner willing to reestablish these efforts. This business could be run passively.

Support/Training: Owner will provide training to ensure a smooth transition. This will include personal introductions to key customers and dealership owners.

Reason Selling: Owner retiring.