This opportunity is presently under exclusive LOI and therefore cannot be discussed. Please enter your information below and we will contact you should the opportunity become available in the future.
Updated September 2016: National Oil & Lube News recently featured Auto-Lab in its September 2016 Issue. Please read the article here!
This established Auto-Lab ® Complete Care Care Center located in Howell, Michigan provides complete automotive and truck maintenance, and repair services with state-of-the-art equipment and certified technicians. Since its founding, the Company has been an industry leader in diagnostic capabilities. Other services include brakes, suspension, cooling systems, tires, transmissions, electric and electronic systems. The business services all domestic and foreign makes and models.
Since 2013, the Seller has upgraded equipment and signage, hired new staff and grown the customer base. Sales in 2015 grew 14.7% over the previous year. The Company is now looking to attract a qualified buyer to acquire the business.
- Auto-Lab ® is a local leader in diagnostic capabilities.
Financial Summary
2015 Revenue: $398,372
2015 ODE: $15,729
2016 Projected Revenue: $441,020
2016 Projected ODE: $27,324
Investment Highlights
Low-Risk – Since 2013, the Auto-Lab ® Howell has grown despite being actively managed only approximately two days per week. With a new owner who is willing to manage and run this business, there is a great opportunity for growth. The strong guidance by an active owner who is willing to spend more time on-site, and in the community, could expand this business significantly through higher productivity. It should be noted that a new owner does not need to have prior experience in automotive repair.
Skilled Employee Base – The Company employees three certified technicians, one technician in training and a store manager / service writer. It is not anticipated that the new owner would have to hire any additional staff.
Existing Customer Database – The Company boasts a customer database over 4,100 individual customer names along with extensive customer service history. It also services numerous fleet accounts with attractive terms.
Attractive Vendor Relationships –Auto-Lab ® Howell is part of a growing network with access to preferred pricing/service from 25 automotive industry vendors including equipment providers, parts producers, advertising media and placement, technical data base, credit card processing, telephone systems, etc. This allows the owner to spend more time focused on the core of the business, rather than negotiating terms and prices with vendors.
High Customer Satisfaction – The Company has maintained a 4.6/5.0 star review status with Google and maintains an A+ Rating from the Better Business Bureau (BBB).
Sophisticated Internet Presence – Auto-Lab ® Howell boasts a modern, optimized website that offers coupons and allows customers to book appointments online: http://www.autolabhowell.com/.
Network Expansion – Auto-Lab ® Corporate’s plans include growing from the current 26 locations to 60-70 locations across the country by 2021. This growth will enhance the prestige of the brand name as well as preferred supplier status for pricing agreements.
- Services include brakes, suspension, cooling systems, tires, transmissions, electric and electronic systems. The business services all domestic and foreign makes and models.
Growth Opportunities
Develop Community Relations – An increase in ownership involvement will allow opportunities to “Own Your Neighborhood”. This involves becoming a great influence in the community where the business is located. This can be done through membership in the Chamber of Commerce and participation in community events. Marketing can include sponsorship of local sports teams or events, city newspaper advertisements, and beyond. The Company is a member of BNI, the world’s largest networking, referrals, and word of mouth marketing organization, and this has proven to be a very effective means of acquiring new business.
Geo-Targeted Marketing – Auto-Lab ® Corporate recently unveiled apps for iOS and Android in 2016. This app allows store owners to geo- target specific areas for promotional offers. The implementation of this new technology will more effectively target customers and increase awareness marketing of special offers or deals. Additionally, the app allows customers to track vehicle maintenance records and contact stores. Read the press release here.
New U-Haul Leasing Center – The Company has recently been licensed as a U-Haul Rental Site. This was put in place to increase revenues and profit through rental commissions as well as to increase customer traffic and visibility of the shop for auto repair service. This opportunity is in its infancy and sales and profits are expected to grow with increased awareness.
- The Company employees numerous certified technicians. The new owner does not have to have direct automotive repair experience.
The BEST way to receive confidential information about this opportunity is to fill out the form below.
Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to further the conversation and send you the confidential Offering Documents. Please contact Matthew Baas [email protected] or 616-915-5336 with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and have a brief introductory phone call with a broker. Inquire today about this growing auto repair shop for sale in Howell, Michigan!
