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Hi all, 

First time poster and glad to be here.

I'm a 40 something entrepreneur not currently in the auto repair business but I've been exploring shop ownership for several years.

Unfortunately, I've come up short using traditional business brokers to find a shop worth purchasing. To date, all that I've looked at have been overpriced and/or have some serious issues.

As shop owners and managers, do you have any tips for finding a solid, well-run general auto repair shop (EBITDA/SDE of $250k-$2MM) to acquire?

I would be grateful for any insights.

Thanks,

Mike

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  • 1 month later...
On 5/25/2020 at 2:16 PM, spanner said:

All, Thanks for the tips and offers.

I'm focused finding a shop in Central Texas for the foreseeable future.

The journey continues!

 

 

Any luck? Buy a piece of property in a good area and put up a steel building! Hire some good techs and build it from scratch. Build where and how you want for the long term and own the property.

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In today's economy, my choice would be finding the shop owner looking to retire or get out of the business. I understand your review of EBITDA, but if you can, go for the list. The money is ALWAYS in the list. 

Hope that helps!

Matthew
"The Car Count Fixer"

P.S.: How a shop owner generated an extra $22,470 in the middle of a lockdown!

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