Largo, FL (Pinellas County)

Oakhurst Auto
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Asking Price: $1,095,000

Cash Flow: $100,000

Gross Revenue: $500,000

EBITDA: N/A

FF&E: N/A

Inventory: $200,000*

Real Estate: $1,200,000

Established: 1986

*not included in asking price.

Oakhurst Auto

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Business Description

Well Established 10 Bays 8 in ground lifts, one recessed alignment

At this location since 1986, the owner built this building custom, this is a concrete block and steel building located less than a mile from pristine Pinellas Beaches. 10 bays, you can service everything from a Greyhound bus, or RV, to a little Honda. 8 in ground hydraulic lifts, one recessed alignment bay, capable of handling small cars to large trucks. This is a real auto guys shop, repair manuals for hundreds of vehicles and covering many years, all on shelves like a library. Brake and tire machines, tons of parts and years of experience. The owner has not been able to work in the business for a few years now and his wife would like to have time to take care of him and enjoy what they have. Great on site, hands on manager, 13 years with the shop, great customer following. Big car shop with a neighborhood touch. Located in Largo, Florida, the area is commonly considered to be Seminole, good stable incomes and family area. This is the place for the family or person that loves cars. The office is totally manual not one computer, yet they know each customer and what they need. Recent Phase one, clean no issues. this one acre MOL and the building equipment fixtures everything. Located in a non evacuation, non flood zone area( does not require Flood insurance. Can do fixed rate 90% financing, for owner occupant. The building is about 8600 square feet

Detailed Information

Location:
Largo, FL
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
8,640
Employees:
4
Facilities:
Block Building, 12 ft by 16 foot overhead doors, light bright with Skylights, more than 1300 square feet of showroom space, large upstairs loft storage or office, Tire racks, Brake lathes , I could go on and on.Zoned Pinellas County C-2
Competition:
The nearest type of service shop is several miles away, this is located adjacent to a Publix shopping center, less than a mile from the beach just north of a main east west road and just south of a main east west road.
Growth & Expansion:
Thew owner is the driving force behind this business, he has been ill for a long time and really no longer comes into the shop, Growth has huge potential since there is no place to build a competitor, and the area is stable and mostly residential, with large condo complexes.
Financing:
up to 90% fixed rate financing available for owner operator
Support & Training:
Manage would love to stay, he has been there 13 years, he is great with customers and is really an excellent shop manager. Owners wife will stay to help with contacts and orders as much as needed.
Reason for Selling:
Owner health issues
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Business Listed By:
Robert Barnum,Realtor

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