Auto Repair Shop Feasibility Study in the Colorado Springs, CO Metro Area

Mechanical repair punches above its share in Colorado Springs. The class takes 5 of 39 in the area's roster of classes, the location quotient is 1.59x, and the area stands at 41 in a field of 660 for the class. The file shows 56 approvals between FY2017 and FY2026 for $24.4 million. A $256,250 median loan comes to 1.09x the nation's, with central loans beginning at $143,750 and ending at $535,525.

Programs, franchise units and a single named lender

The book leans on 7(a), with 47 loans, against 9 under 504. Franchise units make up 8.9% of loans, which leaves independent garages as the norm. Integrity Bank & Trust is the one lender the file names, at 9 loans and $3.2 million, a sizable average that points to some real estate or acquisition notes among otherwise modest tickets.

Years the file shows

FY2017 yielded 5 loans and $1.3 million and FY2019 7 loans and $2.5 million. FY2023 yielded 5 loans and $709,100, then FY2024 jumped to 11 loans and $6.4 million, the strongest year shown. FY2025 added 5 loans and $1.4 million and FY2026 10 loans and $3.3 million. FY2018 and FY2020 through FY2022 are hidden by SBA, and the cell carries neither cancellation nor loss figures. Hidden figures are not zeros, so a lender wanting a loss floor must look to Colorado or to the national class page.

Bays, technicians and the study

This code lumps truck repair in with car repair whereas bodywork, paint, glass and quick oil changes are classed apart, so comparables for a study must be mechanical shops. A project near Fort Carson or the main north-south highway should be tested for the military and commuter vehicle base, the age of cars on the road, and the rivals among independent shops and dealer service lanes. Technician supply, certification and wages need their own line. Cost should be tested against the $256,250 median, and the loan payment against a slow first-year ramp. An appraiser will value the real estate apart from the going concern. Metro membership follows the July 2023 delineation. A sound plan also says how the shop will price diagnostics and labor, whether it will court fleet accounts or only retail drivers, and how warranty work on repairs is handled, because each choice moves revenue per bay and the loan payment it supports.