35W Auto Repair And Car Wash!

Business Overview:

35W Auto Repair and Car Wash is an established 3-bay automotive service business offering general repair services along with a 4-bay self-service car wash. Located along a busy corridor with strong visibility, the business serves a steady base of repeat customers as well as passing traffic. The shop is fully equipped to support day-to-day operations and provides an opportunity for a hands-on owner-operator or investor seeking an automotive service business with multiple revenue streams. The total purchase price for the business and real estate is $1,400,000, consisting of $1,000,000 for the real estate and $400,000 for the business. The seller is offering financing on both portions of the purchase. Real estate terms include $800,000 seller carry at 6% interest amortized over 25 years with a 10-year balloon, resulting in an estimated $5,154 monthly payment. The business portion includes $200,000 seller carry at 10% interest amortized over 10 years with a 5-year balloon, resulting in an estimated $2,643 monthly payment. The business currently produces approximately $200,000 in Seller’s Discretionary Earnings (SDE) for an owner-operator, and this figure already accounts for the real estate payment. A buyer bringing $400,000 to closing would cover the required down payment and, after servicing the seller financing on the business portion, would have an estimated monthly SDE of approximately $14,000. This structure allows a buyer to acquire both the operating business and the underlying real estate while maintaining strong ongoing cash flow.

For additional information please contact listing agent Joseph McKeown.

Contact the Seller:

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Property Features and Assets:

Real Estate of $1,000,000 is included in the asking price. The seller is active in the business. Hours of operation are Monday-Thursday 8-6pm, Friday 8-4pm. $75,000 in FF&E included in the asking price.

Reason for Selling:

Retirement. Kindly ask the seller for more information.

Additional Details:

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