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Monmouth, Warren County

Monmouth Auto Repair Shop for Sale

A auto repair shop in Monmouth is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Galesburg — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide auto repair shops playbook is on the industry hub; this page is the Monmouth file. Confidential sale. No upfront listing fee.

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Monmouth market

Selling a auto repair shop in Monmouth

A auto repair shop in Monmouth is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Galesburg — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide auto repair shops playbook is on the industry hub; this page is the Monmouth file.

Monmouth is a Warren County college-and-farm city — Monmouth College, a courthouse square, and US-34, not Galesburg’s BNSF yards.

College-year seasonality applies to campus-facing books; summer cash flow must be shown. Farm-service is the other economy, and Galesburg and Quad Cities operators are the likely buyers. This is not Knox College and not a rail hub.

Monmouth has about 8,960 residents in Warren County, inside the Monmouth area. Nearby markets buyers already compare this book to include Galesburg, Macomb, Kewanee. That comparison changes who shows up: a buyer who will drive from Galesburg is not the same buyer who will fly in from a coastal platform.

Planning facts

Typical multiple
2x–3.5x SDE
Typical timeline
5–10 months
SBA eligible
Often — confirm
County
Warren County
Population
8,960
Metro
Monmouth
Nearby comps
Galesburg, Macomb, Kewanee
Closing clock
Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago
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Warren County demand

Western Illinois demand

Peoria, Quincy, Galesburg, and river-industrial towns underwrite customer concentration (OEM, hospital, campus) before anyone argues a multiple.

The first call is usually an operator on I-74 or the river, not a coastal fund.

Monmouth demand for auto repair shops is the customer list and the license path — not the Census population figure. About 8,960 residents is context for who already lives in the trade area. It is not a sale price.

Auto Repair Shop in Monmouth

What a Monmouth buyer will underwrite on this auto repair shop

A auto repair shop in Monmouth is bays or site plus environmental accounts. The first buyer is often an operator from Galesburg, Macomb, Kewanee, not a coastal platform. Waste-oil, tanks, or refrigerant rules do not silently follow a stock sale.

Auto Repair Shops statewide typically plan around 2x–3.5x SDE and a 5–10 months process when books and the lease are ready. That is a planning range, not a price for this Monmouth shop. Buyers here usually argue ase-certified technician count, equipment condition, lease terms, customer repeat rate, bay count.

Closing clock for this Monmouth file: Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. License path: Illinois does not issue a statewide mechanic license. The industry hub teaches the statewide rule. This URL is the Monmouth application of it.

Monmouth is a small town market. The first serious call is often an owner-operator from Galesburg, Macomb, Kewanee, not a platform that needs $2 million of earnings to pay for diligence. SBA 7(a) and seller financing usually matter more here than a headline multiple.

Buyer pool

Who buys a auto repair shop in Monmouth

Galesburg and Quad Cities operators.

Illustration: a six-bay independent shop in Berwyn with two ASE techs, a seller still taking the hard drivability jobs, and a neighborhood car-base that knows the owner by first name. Not a closed sale.

A auto repair shop whose customers already sit in Galesburg, Macomb, Kewanee is a larger business than one that stops at the Monmouth city limit. Tell the truth about the route. Buyers will map it.

SDE recast

How a buyer will read the books on this Monmouth auto repair shop

Independent repair recasts around bay throughput and parts margin, not a one-time wholesale-fleet job. Add back owner-technician W-2, then subtract a market-rate tech if the seller still turns wrenches 40 hours. Warranty and sublet spikes come out. A 2x–3.5x SDE band assumes the bays stay full without the seller’s personal following walking out.

Illustration only — not a quote for any Monmouth shop. A auto repair shop whose tax return shows $166,000 of net profit is not worth $166,000 × a rumor multiple.

Add back the owner’s $65,000 W-2 and payroll tax, $27,000 of discretionary benefits, $7,500 of accepted one-time cost, and $13,000 of personal expenses that a buyer will not run. Then subtract $68,000 of replacement labor if the owner still diagnoses, sells, or closes the books.

Adjusted seller’s discretionary earnings are $210,000. At the planning range 2.0x–3.5x, enterprise value is $420,000 to $735,000. Mid-range 2.75x is $577,500 before debt, working capital, holdback, and tax. A Monmouth buyer will argue the multiple after they ride with the staff and read the lease.

At 2.75 times $210,000 of seller’s discretionary earnings, enterprise value is $577,500 before debt, working capital, holdback, and tax. That is the planning conversation. It is not a listing-site guess.

SDE line items

  1. Reported net profit (tax return, not the marketing P&L)
  2. + Interest expense
  3. + Income taxes (not payroll, sales, or property tax)
  4. + Depreciation and amortization
  5. + Owner W-2, bonuses, and payroll taxes on the owner
  6. + Discretionary owner benefits that a buyer will not keep (auto, personal travel, family on payroll with no role)
  7. + Accepted one-time or non-recurring expenses
  8. − Market-rate replacement labor for owner work that will not transfer
  9. = Seller’s Discretionary Earnings (SDE)
Illustration recast for a Monmouth auto repair shop — not a quote
Net profit$166,000
Owner W-2$65,000
Benefits$27,000
One-time$7,500
Personal$13,000
Replacement labor (subtract)−$68,000
Recast SDE$210,000
Planning EV at 2.75x$577,500

Recast Seller’s Discretionary Earnings, then apply a planning multiple for auto repair shops. Replacement labor is subtracted. This is a planning tool, not an appraisal.

Recast SDE—
Planning enterprise value—

Before debt, working-capital peg, holdback, and tax. Educational only.

Enter your annual Seller's Discretionary Earnings (SDE) — your net profit plus owner's salary and any personal expenses run through the business — to estimate a range.

$
1x 3.0x 8x
Estimated Value Range — to —

This is an estimate for planning purposes only. Actual value depends on lease terms, asset quality, customer concentration, and current market conditions. Request a professional valuation for a precise number.

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Warren County closing

Licenses and closing steps for a Monmouth sale

Warren (Monmouth) uses state CBS-1. College-town leases (Monmouth College) can be academic-year sensitive.

Illinois does not issue a statewide mechanic license. ASE is voluntary. The shop needs a municipal business license, EPA discipline for waste oil, filters, and refrigerant, and Secretary of State paperwork if it issues temp tags or does emissions-adjacent work. Those accounts and the EPA generator status do not silently follow the stock sale.

Labor and lease

What has to keep working on Monday after close in Monmouth

For a auto repair shop in Monmouth, the first labor question is: Technician bench that survives the seller leaving the pit.

Small college plus farm. Summer cash flow must be shown.

Western Illinois. Owner-operator path.

Diligence

What a serious auto repair shop buyer will open

Levers that move the multiple in this vertical: Technician bench that survives the seller leaving the pit; Fleet accounts on paper, not a handshake; Lift and scan-tool age; Lease term versus a landlord who wants the bays for storage; Customer-pay mix versus warranty or sublet dependency.

Have these ready before anyone hears the name of the Monmouth business: Bay count, lift age, and alignment or scan-tool capability; ASE or OEM training on the remaining technicians — not the seller; Customer-pay vs fleet vs warranty mix and parts-return rates; Lease, environmental waste contracts, and used-oil storage; Mitchell / AllData / shop-management software ownership; Repeat-customer rate and whether the book is seller-named.

Buyer tool

SBA payment sketch for a Monmouth auto repair shop buyer

Most Illinois owner-operator acquisitions use SBA 7(a). This is a payment sketch, not an approval.

SBA 7(a) loans are the most common financing for business acquisitions. Estimate your monthly payment and required down payment based on the purchase price.

$
%
%
yrs
Down Payment Required —
Loan Amount —
Est. Monthly Payment —

This calculator provides estimates for planning purposes only. Actual SBA loan terms depend on your credit profile, the specific lender, and current market conditions. Contact us to connect with SBA-approved lenders in Illinois.

Sale steps

How to prepare a Monmouth auto repair shop for sale

  1. Recast this Monmouth auto repair shop. Start with the tax return. Add owner pay. Subtract replacement labor if the seller still does the work a Monmouth buyer must hire. Do not treat a spike year as the new normal.
  2. Name who can operate on Monday. List every credential that lets this auto repair shop pull a permit or see a patient in Monmouth, and whether that person stays. Personal licenses do not transfer with the assets.
  3. Tell the truth about the Monmouth trade area. Map customers against neighboring towns. Buyers will. A book that already covers those towns is larger than a book that stops at the Monmouth limit.
  4. Open the lease and the labor file. Remaining term and assignment in Warren County. Whether the crew can run without the seller living eight minutes away.
  5. Calendar the notices that apply here. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. Start them at letter of intent, not the week of funding.
  6. Read the statewide playbook, then talk. The Illinois auto repair shops hub is the statute and recast teaching. This page is the Monmouth file. Confidential consult — no upfront listing fee.
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Questions

Questions about auto repair shops in Monmouth

Answers for owners and buyers in Warren County, including local closing steps.

Service Area

Auto Repair Shop Brokerage Near Monmouth

We serve auto repair shops owners and buyers across Warren County and the surrounding region.

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