Asking Price:

$275,000

Gross Income:

$515,511

Cash Flow:

N/A

FF&E:

$37,000.00 *

Inventory:

N/A

Real Estate:

N/A

Year Established:

1972

Employees:

3

Business Type:

Auto Repair, Parts & Services

* included in the asking price

Business Description

Great opportunity to start making money right after purchasing this Full Service Auto Repair Business. Owner retiring and will give the Buyer a very attractive long term lease, with option to buy this property. Will sell property for $299,000. and give Owner financing with 25% down term 15 Yrs. @ 5.5% int. to buyer of the business. Current zoning is B-4 but owner has letter from the city allowing the B-5 zoning to continue this business. There are a lot of Owner Benifets along with a good NOI. For further information the Buyer must sign a confidential agreement for financials. Buyer must be able to show their credit worthyness and financial statement & have some experance for this business in order to complete this sale.

Detailed Information

Facilities:

Well equiped Auto Repair business in a 5,696 +/- Sq. Ft building with 5 lifts & other equipment. The office,lunch room,parts room & waiting room are A/C about 2,496 Sq. Ft. This is a C/B and metal building with off street parking fo 18 cars. Corner lot 110 x 178 +/- located on major city Rd. in business district. Good signange!

Competition:

They work on almost all makes and model cars. Full service with a personal tuch keeps them comming back. They buy and sell a handfull of cars per year for added income. Located on a prime corner lot in a freestanding building.

Growth/Expansion:

The busines is only open Five (5) days and 40 hrs per week. A new owner can increase the days & hrs per week. A lot more work completed and more dollars can be made with this expantion.

Financing:

Buyer to obtain there own financing. Financials for SBA loan

Support/Training:

As needed depending on Buyers needs. Will give Buyer a new affordable lease on property with an Option to buy property.

Reason Selling:

Retiring after 20 + years.