Auto Repair Business

Prince Georges County, MD

Seller Financing Available
Auto Repair Business

Asking Price:$345,000

Cash Flow:$213,700

Gross Revenue:$700,000





Auto Repair Business

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Business Description

This five bay auto repair business has generated a very consistent revenue and cash flow stream for many years. In 2015, the business generated approximately $700,000 in retail sales and $213,700 in cash flow. The business is only open on a Monday through Friday schedule, no weekends hours, and also features a service writer. The Seller is willing to finance a portion of the business sales price over a five to seven period of time.

The Seller also owns the site's real estate and will convey the business with a 20 year lease. Seller is willing to include a real estate purchase option as part of the lease.

Attached Documents

Detailed Information

The retail facility includes four service bays and one outside bay, customer waiting area, service writing area, bathroom, storage area and extensive list of modern shop equipment and ample parking. The Seller also owns the property and he will convey the business with a 20 year lease (10 year initial fixed term with 2 five year option periods). Monthly rent will start @ $5,000 per month, triple net. The lease could include a real estate purchase option for the tenant and the Seller will consider financing a portion of the business sale.
Growth & Expansion:
The business is located in a densely populated area of Prince George's County, MD that is experiencing a mini-renaissance due to its close proximity to Washington D.C. The population in the three mile trade area around the business is currently projected to grow by over 3% over the next five years. Business is located close to the local Metro Station and less than a mile from one of the currently planned Red Line stops in P.G. County.
Support & Training:
The Seller is willing to provide an agreed upon transitional training period. He is very flexible on the duration of the training period.
Reason for Selling:
The Seller is retiring after operating the business for 29 years.

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John Sartory

Business Listed By:
John Sartory

Petroleum Capital & Real Estate, LLC

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