Maui, HI- Busy Auto Repair Shop In Paradise!!- Green Card/visa For USA

Kula, HI (Maui County)

Seller Financing Available
Maui, HI- Busy Auto Repair Shop In Paradise!!- Green Card/visa For USA
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Asking Price: $480,000

Cash Flow: N/A

Gross Revenue: $838,000

EBITDA: N/A

FF&E: $75,000

Inventory: $75,000

Real Estate: $2,900,000*

Established: 1992

*not included in asking price.

Maui, HI- Busy Auto Repair Shop In Paradise!!- Green Card/visa For USA

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Business Description

MAUI, HAWAII, USA-Best Business Deal in HI (RE Available Also)

Relocate to Paradise!! EXTREMELY busy auto repair shop located in Lower Kula, Maui, HI, USA. Shop is located in the absolute best area of Maui with the absolute best weather anywhere in the world. Temp is 75-85 deg, sunny with light breeze year round. Incredible opportunity!! Excellent for foreign nationals & family who want USA Visa/Green Card via investment with EB-5 program . Shop specializes in high line cars/SUVs/trucks with Asian/Domestic 60% of sales and European 40%.
The shop is directly across the street from La Provence French bakery/restaurant which is always very busy and 100yds up the street from Kula Hardware Store/Gas station/Nursery another very busy place.

Available separately, a small auto body shop, detail shop, used car lot, and food cart/restaurant are available for sale/lease. The shop property (Real Estate) is also available separately for sale. This property is almost 1 acre of level commercial land with many improvements on it. Best to see listing on Loopnet.com. ID# 19848090. Go to: http://www.loopnet.com/lid/19848090 for 224 more photos & information. Maui Multiple Listing Service # 371631. 2% to agents. Complete property with turnkey businesses and residential rentals is for sale now for $4.2mil. This property can be subdivided into two: ~18,000sf with auto related businesses for $2.5mil. Owner financing with $999,000 down-25yr @7% is $11,000/month. This business can easily support the payments. And ~22,000sf with residential area for $1.9mil. This includes a remodeled 1250sf house with 3 rental units ($6000/mo income) and 5 other rental units($10,000/mo income). Turn them into vacation rentals (with permit) and rents more than double. Due to the location and nature of this property there are many uses for it. This business is always very busy and rental units here are 100% occupied-Business and property pays for itself & then some.

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Detailed Information

Location:
Kula, HI
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
4,800
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
7 bay/4 above ground lifts-room for 4 more lifts, 3 room office/waiting area/computer room/staging area, 12'x12' parts room w/25 fully stocked shelves, 1000sf mezzanine storage for many new & used parts, fully equiped with press,tire machine,balancer,A/Cmachine,stands,lights,compressor,shop tools,parts shelves/bins,office equipment, etc,TURN KEY operation. About 8000sf of parking/storage outside of shop buildin-parking for20-25 vehicles. Building in great condition-new roof with 6 skylights, 4 huge 10'x10' sliding bay doors. New bath/shower. Rent $8000mo
Competition:
Maui has many nice vehicles and many wealthy owners, but little expertise when it come to repairing these vehicles. So this business is never slow and always growing. No similar shop within 20mi. Absolutely the nicest location for an auto repair shop anywhere in the world. Located at 2500ft elev overlooking the island of Maui and the Pacific Ocean on one of the steepest roads in the world!! Complete brake/clutch jobs, trans/engine rebuilds every day. Brakes, shocks, tires, cooling & exhaust systems wear out here 2-3 times faster then at sea level.
Growth & Expansion:
On going! Many wealthy people moving into area who maintain their expensive vehicles. Most homes in the $1-3mil range. Hours can be expanded and there is room for 4 more lifts. No similar facility within 20 mile radius. Historically, this shop has done well over a $million/yr in sales. Bring it back to that level and hit $1.25 mil/yr easily.
Financing:
$140,000 cash min needed. Loan:7%, 5yrs. $6500/mo. Better terms for higher down.
Support & Training:
3-6 month training/transition for new owner depending on deal and needs.
Reason for Selling:
Been doing this business for 43yr. This property quintupled in price last 19yr.
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Business Listed By:
Paul Eisenberg

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