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Owner Financing "Automotive Repair/Trailer Sales/Auto Sales and more!

Rapid River, MI (Delta County)

Seller Financing Available
Owner Financing
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Asking Price: $590,000

Cash Flow: N/A

Gross Revenue: $640,000

EBITDA: N/A

FF&E: $40,000

Inventory: $135,000*

Real Estate: N/A

Established: N/A

*not included in asking price.

Owner Financing "Automotive Repair/Trailer Sales/Auto Sales and more!

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Business Description

Have you been looking for a business in the upper peninsula of Michigan? Here is your chance to own a business with multiple revenues; Auto Repair, Auto Sales (dealer licensed for new, used and salvage, also bonded), towing (would need to purchase a tow truck), trailer sales and more. Price includes 26 acres (three parcels 20 / 2 ½ / 3 ½ , one with a fishing pond), room for a salvage yard, build a home or there is a real need for storage units in the area. 840 sf apartment, two repair buildings that are 80 x 30 and 48 x 90. Total sales run between 600-750k per year. There is a manager that runs the day to day business that is also a certified mechanic along with three other employees and one-part time, current owner has moved south and comes up occasionally to check on business and help manager. A lot of potential here for a working owner. The asking price of $590,000.00 includes business, FF&E and property. Owner will consider land contract. Contact Mike for more information: MLimbers@Tworld.com

Detailed Information

Location:
Rapid River, MI
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
add salvage yard or storage units
Support & Training:
2 weeks
Reason for Selling:
retiring
Contact Seller

Contact the Seller

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Mike Limbers, CBI

Business Listed By:
Mike Limbers

TRANSWORLD BUSINESS ADVISORS

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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. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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