Family-owned auto repair shop Sloan's Automotive is expanding its Central Orlando store after acquiring an adjacent lot last month, and estimates $400,000 or more in investment through buildout by this Fall.
"My son (Kenny Sloan) is working as manager now, he's highly motivated and we're in the business of growing and ready to take the next step," owner Terry Sloan told GrowthSpotter on Thursday.
Established in 1992, the two-story shop at 1703 E. Michigan St. has 4,586 square feet of conditioned area, space that can no longer keep up with customer demand, Sloan said.
The family paid $200,000 in early March to buy a neighboring 0.26 acres, former home to a chiropractor's office in a now vacant 4,000-square-foot building.
The family filed permit applications with the city in early April for demolition of that site, and a Master Plan to build a new free-standing building.
That addition will be 1,740 square feet, offering three new working bays to the repair shop's current four, which will allow Sloan's staff to serve anywhere from six to 12 more cars per day.
Financing for the expansion will come from BB&T through a long-standing banking relationship, Sloan said. He expects the building to be ready by Fall, total investment to top $400,000 including land, and the expansion to prompt two new employee hires.