Transmission Repair Shop - Over 32 Years in Operation

Chicago - North Suburbs LISTING #: 17558

Introducing an acquisition opportunity for a profitable transmission repair shop with over 32 years in operation. Located on a main thoroughfare in the affluent north Chicago suburbs, this business has an excellent reputation as the most reliable and honest transmission repair shop in the area. This shop prides itself on having the equipment and knowledge to work on any vehicle’s transmission, from a 1930’s Model T to a modern 10 speed, they can fix it. When the seller first opened there were 4-5 competing shops, now through hard work and excellent customer service, they are the only independent player in the area. With a stellar BBB rating and many positive online reviews, this business comes with a phenomenal reputation. The shop is approximately 6,000 square feet, includes 5 lifts, and has room for 15 cars inside plus the lot has another 8 spaces (with room for as many as 13 addition vehicles). The sale includes all the equipment, tools, spare parts, and everything needed to operate. The location gets a ton of drive by traffic and they enjoy consistent referrals from previous customers, gas stations and other repair shops that do not do transmissions. The current employees can run the shop without the owner onsite, although he recommends a new owner spends time onsite learning the business. Although basic vehicle repair knowledge will be helpful, the new owner should focus their attention on the business side of the operation. The seller can travel for up to 3 months a year and only works 20 hours a week, so a new owner has the option of running this business semi-absentee if needed. This business has survived multiple recessions while providing a comfortable life for the seller’s family. Now that the seller has reached retirement, he is ready to pass on the torch so the business can do the same for a new owner. Please email info@lighthousebusinessbrokers.com to sign the NDA and receive additional information.

$630,278
$60,263
$1,000
1988
Yes
4 FT
   $158,000

Andrew Rosenthal
Andy@LighthouseBusinessBrokers.com

Office: LBB Chicago
Phone: 312-291-4620

   Property Leased: Yes
   Monthly Rent: $6,500
   Real Estate Included: No
   Inventory Included: Yes
   Building Size: 6000 sq ft
   Hours of Operation: Monday - Friday 8 AM - ^ PM
   Franchise: No
   Reason for Selling: Retirement

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