Services - Auto Repair, Parts & Svcs

Asking Price	$595,000	Inventory	$100,000*
Gross Income	$1,200,000	Real Estate	$2,100,000**
Cash Flow	Not Disclosed	Year Established	1992
FF&E	$100,000*	Employees	10

* included in the asking price

** not included in the asking price

Relocate to Paradise!! No recession worries here-only growth!!! Very busy auto repair/body repair/detailing shop avaiable for sale or lease. Property is also for sale($2,100,000.)Shop specializes in high line European cars(60% of sales) and Domestic& Asian cars, Suvs, 4x4s, Lt. Trucks (40% of sales). Small body and detail shop compliments mechanical shop. One stop shop for all vehicle needs. Over 80 vehicles here at any given time! Work & live on the best island and place in the world. Shop located in the absolute best area of Maui with the absolute best weather anywhere in the world. Temp is 75-80deg, sunny with lt breeze year round. Incredible opportunity!! Excellent for foreign nationals who want USA Visa/Green Card via investment. See property listing & many photos at loopnet.com ID#14246948 & #15236995. UPDATE: Today 4/11/08 we have 90 vehicles at shop!! 7 done-waiting to be picked up($3750due now); 44 work-in-progress($68,000 to be paid-this will transfer to buyer minus any parts & labor already purchased); 1 storage($500due now); 20 for sale($139,800value not included in inventory); 17 parts cars($7000 value included in inventory); 1 shop race car($2500not included in inventory). The total value of these 90 vehicles to the business is $222,350. UPDATE: New IR T-30 air compressor & outside enclosure just installed(room for 2 compressors); Almost ready to pour concrete floor for 2 bay bodyshop addition with 16 floor pots; 85ft wood antenna pole on property-TMobile cell phone negotiating to lease for $1200/mo.(Wireless Capital will buy lease for $150,000)Small building(100sf) in parking lot near road could be used car lot office or leased to other business for $500-1000/mo.-organic produce stand/juice bar planned(one of our mechanics has organic farm)

Facilities: Shop bldg is 5100sf-10bay, 3rm office & 1000sf mezzanine storage on 18,000sf of all usable lot for parking. Rent $8500/mo or sell $1.3mil. Also on property is a separate private 1250sf 3b1.5b home+500sf 1b1b on 23,000sf lot(ocean/mountain views,gardens, fruit&avo trees,rock walls,fish pond; adjoins 100's of acres open land). Rent $3500/mo or sell $1,000,000. This property has huge development potential-build 2 story 20,000sf Kula Town Ctr with $600,000/yr rents & $8.5mil value or build 12 2500sf 3 level mixed use(busi.+rdential) condos with $12mil value

Competition: Maui has many nice vehicles and many wealthy owners, but little expertise when it comes to repairing these vehicles. Subsequently this business is never slow and always expanding. Absolutely the nicest location for an auto repair shop anywhere in the world. Located at 2500ft elevation on one of the steepest roads in the world overlooking the Island of Maui and the Pacific Ocean. Complete brake & clutch jobs, trans & engine rebuilds every day. Brakes, shocks, tires, cooling & exhaust systems-everything wears out here 2-3 times faster than at sea level.

Growth/Expansion: On Going-20% per year. Many very wealthy people moving into area with expensive vehicles. Hours can easily be expanded to 6 days-huge demand for this. 4 lifts in operation with room for 4 more. State safety insp, alignment, more tire sales, other services can be added. Body and detail shop are doubling in size now. Used vehicle sales lot planned. Sell 10-20 cars/mo @ $2-3k profit per car!! GROSS SALES: 1/08-$134,609; 2/08-$96,972; 3/08-$114,517; 4/08-$120,523; 5/08-$119,030; 6/08-$127,573; 7/08-$82,041; 8/08-$107,890; 9/1-9/5 $38,041

Financing: To Be Determined. $150,000 cash min. needed. Better terms for higher down paymnt

Support/Training: 3-6 month training/transition for new owner depending on needs & deal. Will consider selling European repairs to one buyer and Domestic/Asian/Truck repairs to another. Complete business, shop building, & ~18.000sf lot avaiable for $1.7mil. House & ~23,000sf lot (has lots of commercial uses) for $1mil. Creative offers accepted. SBA & 4% interest loans available.

Reason Selling: Other Interests. UPDATE: Bulidings & grounds are undergoing a $50,000 facelift