Auto Repair / Tire Supply / Quick Oil Change

Since vehicles became widely available, consumers have become increasingly reliant on vehicular transportation to adequately function in daily life. This dependency has been further represented in the auto repair maintenance and service industry market value as it's projected to reach $75 billion by 2026. According to the market intelligence and advisory firm Mordor Intelligence, the primary growth factors propelling this industry include the rise in age of the average vehicle on the road, increased mileage of those vehicles, in addition to an increase of used car sales. Even despite the reduced necessity for transportation due to the onset of COVID-19, the economic uncertainty has resulted in consumers choosing to repair their current vehicle instead of purchasing new.

The auto repair maintenance and service industry has proven to be steady year over year, which has translated over to the business resale market. Over the last 40 years, Sunbelt Business Brokers has transitioned literally hundreds of auto repair businesses. While much of our success can be attributed to the highly experienced and knowledgeable business intermediaries stationed in 140+ offices throughout the United States, Sunbelt Franchise Resales (SFR) has relationships with the some of the world's top automotive franchise groups to help educate their network of business owners on the selling process and key strategies for maximizing value and their business. As a result, this has given us keen insights into how to effectively market this type of business and has allowed us to play an integral role in helping owners achieve their succession goals.  

As of the conclusion of 2024, the marketplace remains an advantageous place for business owners to transition their business. Immediately following the onset of COVID-19 in March of 2020, the buyer pool for businesses increased dramatically due to historically low interest rates, high unemployment and low job satisfaction. Since 2022, however, rapid rates of inflation and interest rates spiking beyond even pre-pandemic levels left many business owners wondering if they could still earn maximum value for their business.

The simple answer remains "YES!"

Year-over-year, the business resale market has continued to demonstrate that buyers are interested in purchasing strong performing businesses regardless of economic conditions. BizBuySell, the largest online business-for-sale marketplace, published their market insights report at the conclusion of Q4 in 2024. Here's what they said:

                               "The number of businesses bought and sold grew a modest 5% over the course                                            of 2024, according to BizBuySell’s Insight Report, which tracks and analyzes U.S.                                            business-for-sale transactions and sentiment from business owners, buyers, and                                        brokers. A total of 9,546 closed transactions were reported, representing an                                                  enterprise value of $7.59 billion—15% higher than 2023—indicating a greater                                                concentration of higher-priced deals."

Ready to explore selling your business? Contact us today for a free/no-obligation discussion and complimentary value range analysis!