Auto Repair Center with Real Estate

Prince Georges County, MD

Seller Financing Available
Auto Repair Center with Real Estate

Asking Price:$815,000

Cash Flow:$213,700

Gross Revenue:$700,000




Real Estate:N/A


Auto Repair Center with Real Estate

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Business Description

This five bay auto repair business with real estate 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 weekend hours, and also features a service writer.

The Owner is selling the property, business and equipment for $815,000 and is willing to personally finance 75-80% of the sales price to a qualified and creditworthy buyer over 15 years @ 5.75% fixed interest rate.

The Owner is also willing to sell the business and equipment for $345,000 and execute a 20 year lease (10 year initial fixed term with 2 five year option periods) for the property and improvements with a qualified and creditworthy tenant. Monthly rent would start @ $5,000 per month, triple net. The lease could include a purchase option for the tenant and the Owner will consider financing a portion of the business sales price over a five to seven year period of time.

Attached Documents

Detailed Information

Real Estate:
Included in asking price
Building Sq. Ft.:
The retail facility and property includes four service bays and one outside bay, customer waiting area, service writing area, bathroom, storage area, extensive list of modern shop equipment and ample parking.
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 projected to grow by another 3.7% over the next five years.
15 year loan @ 5.75% fixed rate
Support & Training:
The Owner is willing to provide an agreed to transitional training period to the new operator of the business. He is flexible on this issue.
Reason for Selling:
The Owner is retiring after operating business for 29 years.

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John Sartory

Business Listed By:
John Sartory

Petroleum Capital & Real Estate, LLC

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