Established Auto Repair w Property

Sarasota County, FL

Seller Financing Available
Established Auto Repair w Property
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Asking Price: Get Financing: $465,000

Cash Flow: $100,000

Gross Revenue: $400,000

EBITDA: $100,000

FF&E: $15,000

Inventory: $3,000

Real Estate: $400,000

Established: 2013

Established Auto Repair w Property

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Business Description

5-day work week. No nights. Want more $$$ just stay open on Saturday.

As it is, make over $100K per year and never work nights or weekends. And, that's after paying the bills. If that's not enough just stay open later or open on Saturday. This well established business has one of the best locations in a beach town. The competition is at a major disadvantage because they have to spend big bucks on advertising. This business is seen by everyone in the area as it is on THE main highway and right in the middle of everything. Short walk to restaurants, shops, and the water! Near a signalized intersection. Across from other high traffic businesses. Plenty of parking, high traffic, and excellent signage. The business is available separately for $140K. Prefer to sell business with property for $465K. Sale comes with everything needed to operate the business and includes existing inventory. Business has huge following and loyal customer base. Plus, more new customers coming in every day.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
2,500
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Property is located on a state highway which is also the main artery through town. It is highly visible with easy ingress/egress. Three inside bays and additional outside bays enable mechanics to work on multiple vehicles simultaneously. Plus, room for addition like extra bays or retail area. As the property owner, the buyer can decide. No more being prisoner to a greedy landlord. As you grow the business the property increases in value. It's like a long-term wealth machine.
Competition:
Typical competition. There are a handful of repair shops and some are better than others. There are some chain tire stores and a lot of back alley, dirty shops. This shop has a far better location and following than others in the area. It is positioned to attract slightly more affluent vehicle owners. Facility is older but clean and neat. Most other shops in the area are run down and poorly managed. This business caters to folks who are smart enough to avoid dealerships but still want to feel comfortable handing their keys over to a professional.
Growth & Expansion:
The business has stabilized at $400K+/- year in sales without substantial advertising. Sales could increase via promotions and strategic on-site events. The local market is growing with the increase in new homes. So, future sales will trend higher without making any changes. To increase sales, buyer could increase advertising (currently near zero), focus on getting more tire business or open longer hours including weekends. Seller is content with current sales and working weekdays only.
Financing:
6.5% fixed. 20yr fully amortized w 30% down. Qualified Buyers ONLY
Support & Training:
Seller will introduce buyer to vendors, etc. Seller will make sure buyer is familiar with operations and existing systems and remain available indefinitely via telephone. If buyer needs industry "training" then an auto repair business is not a good fit. Go buy a pizza parlor and work 90hrs a week. Experienced service writer or mechanic with helper is best fit.
Reason for Selling:
Retirement (literally). Going to travel - been doing this almost 40yrs.
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Business Listed By:
Motivated Seller

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