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Dear all,

 

I am considering selling turn-key my shop, as I might (nothing is concrete yet) move out of country in about a year (I do NOT turn the wrench and I am present at the shop around 20 hours/week). Excellent location, excellent reputation, ZERO advertising $$$, Very busy with big jobs (not known as an oil change place at $48/basic oil change! - although it used be known for cheap oil changes 4+ years ago - I CHANGED IT ALL).

 

We work on EVERY make/model! Most tools are owned by techs that are VERY WELL qualified and know how to run the shop. It is NOT small, has 3 lifts and 2 pits, ample parking space etc, and it is NOT big - VERY manageable size!. Location is incredible, on main street, no need for A/C or heating year long! indoor & outdoor waiting area...etc... building is OLD and it shows but it is OK.

 

I will also transfer ownership of BMW & Mercedes OEM level equipment, as well as complete database of Mitchell with all necessary computer equipment including back ups. Although California does NOT allow Non-Compete agreements, I promise not to perform automotive repair within 3 mile area for 3 years (If I move, I will be 10K miles away anyhow). I guarantee NOT to steal custoemrs or become a competitor!

 

My shop can be run absentee with current employees. I can sell just the business OR the corporation that's established over 4 years (there will be an extra charge for that)

 

Also, loaner cars (not crap cars, nice BMW, VW etc - 5 of them) are included with the sale. I perform diagnostics on the BMWs only, as that is my speciality, but as mentioned above, our custoemr database ranges from 1970s VW Buses to Camaros to newer Bentleys etc.

 

If you are interested , please send me a private message. I am in no hurry to sell, as I know even if I move out of country, it will continue growing fine, BUT it will be very hard to manage that way, especially with 10hr. time zone difference to SoCal.

 

IT is a Franchise, although there is not much left on the contract and they haven't even stopped by in 2+years! ( you can make it independent soon)

 

Some numbers for the interested parties:

 

 

This business treated me VERY well, if you know what I mean.

Employees : 2 full time + 1 part time + Myself (Part Time)

Average ROs per week : 50-55 (open 8-5:30 MON-SAT) ( Used to open Sundays and expect revenue to grow 10+% if you do)

Average $/RO : $225+ (there were weeks that average RO came out to $350 with 50 cars)

Marketing & Advertising : for the last 3 years, ZERO dollars is spent!!! All customers are repeat, referral or from Yelp etc. no Marketing fees to Franchisor as well - made a deal ~3 years ago)

Inventory & Lifts & electronic Equipment : Probably around $50K - included with the sale.

Selling Price/Wages/Any other details: to be discussed with the potential buyer in person. If I was the buyer, I would NOT change a thing on the operations!

 

Please do NOT mention anything to employees on this issue, they have been very loyal ( 1 of them with me since I started 4+ years ago, the other one is with me for 3 years, and the last one with me since I started but went away to school and came back 1 year ago), they LOVE the shop and the current business structure, they are VERY ethical, and NO SALESMEN! They are NOT on commission , so they do NOT have an incentive to smash my reputation!

 

Business and Corporation has VERY good relationships with suppliers and other neighboring businesses!

 

I personally am ASE Consultant Certified, and do NOT turn the wrench ever. My background was Quality Assurance and I am an amateur car racer) Business has gone up and in the direction I wanted since the day I took over.

 

I will be more than happy to stay and help the buyer for 3 months at 20 hours/week at my convenience at a very reasonable pay. I want to assure the customers will be taken care of the way they are used to, so there is NO issue with reputation or revenue.

 

Send me a PM message if interested. If it is sold, I will also provide you with the ideas I had (but didn't have a chance to realize yet) which is supposed to double the profits in 2-3 years! YES, I said PROFITS, not just the revenue!

 

This is a great opportunity and I personally guarantee all information you have and will receive will be 100% true to the best of my knowledge, and I will stand my shop 100%. ( the reviews and reputation speaks for itself anyhow)

 

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  • Have you checked out Joe's Latest Blog?

         0 comments
      It always amazes me when I hear about a technician who quits one repair shop to go work at another shop for less money. I know you have heard of this too, and you’ve probably asked yourself, “Can this be true? And Why?” The answer rests within the culture of the company. More specifically, the boss, manager, or a toxic work environment literally pushed the technician out the door.
      While money and benefits tend to attract people to a company, it won’t keep them there. When a technician begins to look over the fence for greener grass, that is usually a sign that something is wrong within the workplace. It also means that his or her heart is probably already gone. If the issue is not resolved, no amount of money will keep that technician for the long term. The heart is always the first to leave. The last thing that leaves is the technician’s toolbox.
      Shop owners: Focus more on employee retention than acquisition. This is not to say that you should not be constantly recruiting. You should. What it does means is that once you hire someone, your job isn’t over, that’s when it begins. Get to know your technicians. Build strong relationships. Have frequent one-on-ones. Engage in meaningful conversation. Find what truly motivates your technicians. You may be surprised that while money is a motivator, it’s usually not the prime motivator.
      One last thing; the cost of technician turnover can be financially devastating. It also affects shop morale. Do all you can to create a workplace where technicians feel they are respected, recognized, and know that their work contributes to the overall success of the company. This will lead to improved morale and team spirit. Remember, when you see a technician’s toolbox rolling out of the bay on its way to another shop, the heart was most likely gone long before that.
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