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Moving Back To Europe May 31!family Emergency!!must Sell Asap!

Sarasota, FL (Sarasota County)

Seller Financing Available
Moving Back To Europe May 31!family Emergency!!must Sell Asap!
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Asking Price: $149,000

Cash Flow: N/A

Gross Revenue: $474,000

EBITDA: N/A

FF&E: $75,000

Inventory: N/A

Rent: $5,350 /Month

Established: 1999

Moving Back To Europe May 31!family Emergency!!must Sell Asap!

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Business Description

High end auto service and repair on one of Sarasota's busiest, high traffic, high visibility streets.This Auto Business has been in the same location for twenty years. In 2016, when the current owners bought it to get their E2 Visa, it was doing $1.7 million in Sales which included Car Sales & Repairs. Sellers have made the decision to move back overseas due to personal family emergency. THEY NEED OUT ASAP!!They are taking a large LOSS at $149 K just to SELL and move on.Average monthly Sales for Jan,Feb and March 2019 was $63,000 per month.This is an ASSET SALE and not based on Books & Records. QUICK SALE required. Please be ready to provide Broker proof of funds and sign an NDA as there is no time to waste here.SOME SELLER FINANCE!! This DEAL can CLOSE in 2 Weeks with the right Buyer.

Detailed Information

Location:
Sarasota, FL
Real Estate:
Leased
Building SF:
4,500
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is about 5 -6 bays 4500 sq ft+/- with rear lot for car storage.
Competition:
This operation has a niche as they focus on specialty car repairs.Many of the same customers have been going there for years.
Growth & Expansion:
For many years the prior owners did over $1 million is Car Sales.Current owners never promoted Auto Sales since they took over in 2016.A new Buyer could add Car Sales and grow the business to what it was previously doing.
Financing:
$59,000 with $90,000 Down
Support & Training:
1 Week transitional support
Reason for Selling:
Moving back overseas
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(from currently available funds)
 
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Denis J.Burke,MBA

Business Listed By:
Denis Burke

Business Broker World

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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