Auto Repair & RE or rent

Services - Auto Repair, Parts & Svcs | Services - Other Miscellaneous services

Asking Price	$90,000	Inventory	$8,000*
Gross Income	$154,777	Real Estate
Cash Flow	$69,186	Year Established	1998
FF&E	$40,000*	Employees	1 part time

* included in the asking price

** not included in the asking price

3 bay shop with 2 lifts, 1 pit and a waiting area for customers and a service writer. Building has waste oil heater with low utility costs. Plenty of room to park cars around the building and on the property. Good loyal customers. $85 per hour labor rate. 1200 active customer base in computer. American and Asian auto repair except no tire, wheel and transmission work. Printed invoices with Snap-On Shop Key software. Well-equipped shop with extensive equipment and diagnostic scopes. Seller owns both the real estate and the business and prefers to sell both. However, the Seller will rent the real estate for $2,000 per month. Build equity in real estate and make money and equity in your business at the same time. Property is in an urban renewal area with B2 zoning. No more high rents and unreasonable landlords to deal with. Current owner purchased the real estate in 2000 and had a phase 1 & phase 2 environmental test done and ground water was checked and tests were fine.

Facilities: Seller owns the real estate and business and prefers to sell both. Real estate is priced at $225,000 with 16,321 sq. ft. of land. Business is priced at $90,0000 total with a $60,000 down payment. However, the seller will rent the real estate for $2,000 per month.

Financing: Seller will finance $30,000 for 36 months at 6% interest. Monthly payment $913.

Support/Training: 100 hours within 60 days after closing.

Reason Selling: Burn out, time off