Mississippi
$3,500,000
Mississippi
$3,500,000
Harvey, IL
$1,000,000
Miami, FL
Lewis County, WA
$1,900,000
Brazoria County, TX
$1,974,900
Missouri
$1,150,000
Fresno, CA
$1,950,000
Kings County, CA
$18,000,000
Clarksville, NH
$369,900
Port Orford, OR
$475,000
Livingston County, IL
$2,000,000
North Port, FL
$1,500,000
Craig County, OK
$1,350,000
Dallas County, TX
$1,400,000
Columbus, OH
$895,000
Tarrant County, TX
$1,890,000
Brande Smith
Market South Properties, Inc
Serving Henry County, GA
Hood County, TX
$2,400,000
Tarrant County, TX
$1,700,000
Winnebago County, IL
$650,000
Fort Pierce, FL
$895,000
Houston, TX
Bexar County, TX
$4,900,000
Mesa, AZ
$1,900,000
San Bernardino, CA
$3,750,000
Comanche County, TX
$1,290,000
Pratt, KS
$250,000
Pratt, KS
$550,000
Lackawanna County, PA
$1,250,000
New York
$5,500,000
Florida
$7,000,000
Georgia
Mount Gilead, OH
$1,936,000
Denison, TX
$395,000
Rockford, IL
$850,000
Arizona
$3,250,000
Oklahoma City, OK
$2,100,000
Daytona Beach, FL
$2,200,000
Georgia
$3,000,000
Lake County, IN
$1,700,000
Arizona
$4,000,000
North Huntingdon, PA
$749,750
Dallas County, TX
$4,290,000
Gorham, NH
$995,900
Los Angeles, CA
$5,200,000
Kevin Shin
Fortune Realty Advisor
Serving Fairfax County, VA
Wright, WY
$3,200,000
Wayne County, MI
$1
Liberty County, TX
North Miami, FL
$2,400,000
Franklin, NC
$1,450,000
Jefferson County, AL
$2,400,000
Some automotive and boat businesses for sale specialize in retail, while others focus on providing services like repairs and maintenance, and still others offer a combination of both. From auto repair shops and car washes to towing companies, truck stops, and gas stations, the businesses in the automotive sector keep consumers moving.
The auto repair and maintenance industry is bouncing back from 2020 pandemic related disruptions. The auto industry accounts for 3% of GDP for the U.S. and employs over 1.7 million people. This sector is expected to expand by over 5% during the next decade. With projected growth in both marine and automotive repair industries, businesses in these sectors may be good investments. One of the primary advantages of buying an existing automotive or boat business is that it comes with established credibility in the market. Some of the most popular categories include:
Valuations of automotive and boat businesses vary depending on the category of services and local markets. Overall, trends for the sector show these businesses remain popular options for acquisition. With over 70% growth over the last five years, the average sale price for automotive and boat businesses in 2023 was $555,000.
Automotive and Boat Business PricesYear Sold | Median Asking Price | Median Sale Price |
2018 | $399,000 | $299,000 |
2019 | $389,450 | $350,000 |
2020 | $449,500 | $420,000 |
2021 | $472,500 | $450,000 |
2022 | $515,200 | $499,500 |
2023 | $595,000 | $555,000 |
Knowing the value of your automotive and boat business is key to developing a successful exit plan if you’re thinking about selling it. If you’re looking to sell your automotive company, see our Guide, How to Value & Sell Your Automotive Business, to get started.