PROFITABLE Auto Service/Repair Plaza, FL Treasure Coast, $6.4m Sales

Fort Pierce, FL (Saint Lucie County)

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Asking Price: $3,500,000

Cash Flow: $533,265

Gross Revenue: $6,445,294

EBITDA: N/A

FF&E: N/A

Inventory: $162,000*

Real Estate: $2,200,000

Established: 1999

*not included in asking price.

PROFITABLE Auto Service/Repair Plaza, FL Treasure Coast, $6.4m Sales

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Business Description

Auto Repair/Tire Dealer/Quick-Lube/Auto Dealer Lot/Gas Station/C-Store

SBA LENDER PRE-QUALIFIED with 10% DOWN!!

2018 REVENUES UP OVER $1 M TO $6.44 million! May qualify for US Visa. Located in Florida's beautiful Treasure Coast region. Busy, popular, profitable, iconic 30-year established, diverse auto plaza including 1.5+ prime acres (included in sale) and ~10,000 of buildings, visible from a major interstate highway and also a second busy feeder road to another interstate - with a combined daily traffic count of nearly 70k.

Service divisions: Automotive general repair, independent tire dealership, independent quick-lube, independent 4-pump gas/diesel gas station with additional high capacity diesel pump/tank for big rigs, convenience store and used car lot on the grounds. No franchise fees or royalties to pay or rules to follow - this is a local independent brand created with 30 years of history. Gas can be purchased from any source to provide a more steady and self-directed profit margin vs. the chains (same with tires and other products). Seller has many good sources of low-cost high-quality gas which he will share with a new owner.

The combined business grosses over $6.4 million, with sales steadily growing at 10-15% annually.

Owner will stay for a reasonable period (minimum 30 days) to train and assist in the transition. Current management team which are fully knowledgeable about all aspects of the operation will remain if desired.

- $162k avg inventory across divisions may be included in a purchase - negotiable.
- Substantial expensive, high-end equip included in sale - details in due diligence
- Clean environmental survey of property.
- Total buildings apx. $10,000 sq.ft.
- Gas station canopy and space for dedicated commercial pump
- All financials, numbers and other representations are based on owner provided information and not warranted

Detailed Information

Location:
Fort Pierce, FL
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
10,000
Employees:
15
Facilities:
Over 10,000 sq ft located on 1.55 acres of prime owned commercial real estate (included with sale), with visibility from a major state highway and also fronting a second busy and high-traffic road. Also, a high-end full service car wash bay is built and ready to employ, with underground access and plumbing. Clean environmental survey.
Competition:
This business has built a stellar reputation over the past 30 years, with many loyal, repeat personal and business clients of all kinds and commercial vehicle maintenance contracts in place. Business has defined competitive advantages over it's competitors. For one thing, it is a "one stop shop" that attracts many clients to stop for general automotive work, tire needs, gas, C-store, oil change all at the same location.
Growth & Expansion:
There are number of clear ways to grow and expand the business from the existing location and facilities. For example, there is high confidence convenience store sales could easily be increased by $1m / yr. with plans already in place.
Support & Training:
Seller will stay and train/ assist with the transition for at least 30 days. Also, the highly knowledgeable current managers and employees are expected to be agreeable to remaining long-term.
Reason for Selling:
Retirement
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Jeff Manera

Business Listed By:
Jeff Manera

TC Business Brokers

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