Atlantic Canada's Business Transition Specialist

Over 1000 Successful Transitions

ASKING PRICE:  $460,000
LOCATION:  Grand Falls/Grand-Sault, New Brunswick

This opportunity will appeal particularly to a licensed auto technician who wishes to be actively involved in the day-to-day operation of the business or to a business with existing synergies. In operation for over 20 years, this busy automotive service business provides exhaust, brake and general maintenance and repair services to its many customers and is also a Provincial Motor Vehicle Inspection Station. It is the only auto service business in the area that specializes in exhaust repair.

The business operates from premises with three service bays with hoists as well as a fourth bay with a pit for heavy duty trucks. New and repeat customers are attracted by the excellent reputation and convenient location.

The owner works full-time in the business as a mechanic and is responsible for the general management of the business. Employees include another mechanic, an office manager who also performs light mechanic duties and a part-time bookkeeper.

The transaction will be structured as a sale of assets.  The assets, including land and building, are offered for sale at approximately $460,000 plus the value of inventory and accounts receivable. The price will be adjusted to reflect the balance sheet at the time of closing. The seller will consider financing a portion of the purchase price.

The owner has reached retirement age and wishes to pursue other interests.

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