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.
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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.