Business Overview:
ASSET SALE OF A PROFITABLE BUSINESS. This auto repair shop has been in the same excellent location for 20 years, on US Hwy 1 in Cocoa, FL. It is a 2-bay, fully-equipped auto repair business and includes the commercial property. The 2 owners wish to retire. Although profitable, owner benefit is down approx 50% since 2009 due to no advertising & limited hours. Normal owner cash flow is approximately $32,000. This presents an excellent opportunity for a younger mechanic(s) looking to own and grow their own business. The potential is there for this turn-key business!
The property (1,504 sq.ft. bldg & .38 acres on US 1) can be purchased without the business for $245,000 - a real bargain given the location!. It is suitable for other businesses including Quick Lube, Tire Store, miscellaneous retail, Rentals, etc.
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:
Fully equipped 1,504 sq.ft. two-bay Auto repair shop on .38 acres with frontage on busy US Hwy 1.
Market Competition and Expansion:
This business & location has average competition. This business has not been advertising, so any would help! It could add services such as tire sales & rental equipment. There is also room to add an outdoor lift.
Reason for Selling:
Retirement and health issues
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.