Seller's Contact Information
- RE: Auto Center For Sale
- Contact: Mac Thelen
Quick Facts
Asking Price: | $599,000 | |
Annual Revenue: | $1,650,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $250,000 | |
Total Debt: | Not Disclosed | |
FF&E: | 200,000 | |
Real Estate: | $1 | |
Year Established: | 1983 | |
Employees: | 10 | |
BBN Listing #: | 766940231 | |
Broker Reference #: | 7947MT |
Business Overview:
This listing, established 33 years, is an Auto Sales, Service & Body Repair company serving the Northern Suburbs. The Auto Sales could be grown exponentially by adding additional inventory. The highly profitable auto body and repair work could be greatly expanded by working with insurance companies and advertising. The existing shop could handle much more work and is newly updated. The property and building are also for sale separately or in conjunction with the business.
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Property Features and Assets:
Located on a very busy Highway in the North Metro with excellent access, the business operates in a newly renovated 17,500 square foot building with a shop, nice offices, a showroom and reception area. The shop has 20 bays and is very underutilized at current revenue levels. The building sits on 4 acres of prime commercial/retail real estate and is included in the sale. Over 60,000 cars pass the business daily. The property can also be divided with separate access points to the Highway. The conditional use permit allows for an unlimited amount of cars on the lot with additional striping. There are 4 lease-able offices in an out building for additional income if the property is bought rather than leased by the new owner. The seller owns both the property and the building and is willing to sell separately, together, or negotiate a lease.
Market Competition and Expansion:
The building and property are being underutilized. A new owner could greatly increase the inventory for car sales as well as expanding the body shop to target insurance companies. Virtually no advertising is being done and the body work is growing by 20% per year.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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