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Northern Alberta Automotive Repair And Drive Thru Lube For Sale

Northern Alberta, Alberta, Canada
Asking Price:
$525,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,010,000 (CAD)
Cash Flow:
$250,000 (CAD)

Rare opportunity to own a popular automotive repair shop with a drive thru lube center.

Located in Northern Alberta, this 4600 sqft combined area hosts a popular 6 bay auto repair facility and a drive through lube center. Centered in one of the most active areas adjacent to a fuel station/convenience store, carwash, car rental center, 3 dealerships in the immediate vicinity this location has over 40 years as an automotive repair center. It is a well known area centered between a major highway and a 4 lane residential road. Restaurants, stores and other retail malls all along the same road. Exposure is excellent. High retail traffic plus a parking lot capable of holding up to 30 vehicles.

Lease has less than on year remaining with 1-5 year option to renew. Gross sales over $1mln annually over the last 5 years, cashflow over $250k average per month consistently. Shop is automotive and light truck, retail and commecial. Set up for cash retail and numerous fleet cards with a great following of regular business clientel.

This is an excellent opportunity for a working tech who wants to expand his/her talent, showcase your skills and be a part of a great community. Owner is wanting to retire and is willing to finance as well as work with the new owner to insure success and the continuation of the business.

The ideal purchaser would be well experienced journeyman/person who has a passion for domestic and import vehicle repairs, enjoys a fast paced atmosphere and is dedicated to his/her trade. The shop is well known for Import/European repairs as well as custom exhaust bending, diagnosis, electrical and tires. Sales data would be made available to serious prospective buyers. Equipment inventory also would be made available upon request.

Property Information

Real Estate:

Lease

Lease Terms:

Current lease expires Feb1, 2027 with optional 1-5 year renewal

Lease Rent:
$57 (CAD) per sq ft per annum
Location:

Northern Alberta

Premises Details:

Full waiting room, guest washroom, 2 service desks, lunch room, full mezzanine for inventory approx 400 sqft, wall racking in shop, lube area has washroom and retail storage space

Business Operation

Management type:
This business is owner operated.
Reasons for selling:

Owner wants to retire

Trading hours:

Monday to Saturday 8:30-5:30

Employees:
5
Years established:
20 years 9 under new management. Over 40 years as an Automotive Repair Location

Other Information

Support & training:

Owner willing to offer up to 1 year of support training

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner willing to finance dependent on purchase price. Willing to finance over 4-5 years

Furniture / Fixtures value:
$100,000 (CAD) - included in the asking price
Inventory / Stock value:
$30,000 (CAD) - included in the asking price