Tire Store & Auto Repair w/Property: Cornelius, NC

Cornelius, NC (Mecklenburg County)

Tire Store & Auto Repair  w/Property: Cornelius, NC
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Asking Price: $1,150,000

Cash Flow: $160,000

Gross Revenue: $900,000

EBITDA: $160,000

FF&E: N/A

Inventory: N/A

Real Estate: $775,300

Established: N/A

Tire Store & Auto Repair w/Property: Cornelius, NC

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Business Description

Exceptional opportunity to take over a strong cash-flowing operation, with additional adjacent rental property included in the sale. "Clean" books reflect a vibrant, decades long profitable business. Competent staff will remain in place. All FF&E included, (except for daily inventory). 16,000+ CPD Traffic Count. Tax recorded sales/profit margins reflect an opportunity to acquire SBA loan. Rental house rents for $600 per month. 400' Property on N. Main St. includes entire frontage from one street corner to the next.

Detailed Information

Location:
Cornelius, NC
Real Estate:
Owned
Included in asking price
Building SF:
2,518
Employees:
4
Facilities:
Masonary block, 5 bays
Competition:
Zoning restrictions prevent any new auto repair/tire stores within majority of city limits in Cornelius.
Support & Training:
Two weeks as needed
Reason for Selling:
Retirement
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Roger Baldwin

Business Listed By:
Roger Baldwin

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