Owner Financing is Available!
Business has been established for 14 years - rebuilds all types of auto engines. Business is located in a 5,000 sq. ft. building and operated on 5 1/2 days per week. They have a long term lease with reasonable rent.
Business nets $216,000 per year currently and previously netted $275,000 before the economy slowed down. Approximately $50,000 worth of equipment is included in the price.
Long term employees with monthly payroll about $14,000. The business averages 9 engines per week- all cash business- no checks or credit cards. Seller will remain for Eight weeks for training and will provide a Covenant Not To Compete. Seller is retiring.
A Non-Disclosure Agreement and Financial Statement will be required.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Located in a 5,000 sq. ft. building on a large fenced lot. They have a long term lease with reasonable rent. Approximately $50,000 worth of equipment is included in the price. Seller will remain for Eight weeks for training and will provide a Covenant Not To Compete. Seller may carry up to $200K for a qualified Buyer.
Market Competition and Expansion:
Business is well established after 14 years with lots of repeat customers.
Reason for Selling:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.