Auto Repair Business w/ Real Estate in MPLS

Not Disclosed, MN
Hennepin County

Asking Price: Annual Revenue:
$295,000 $231,859

Automotive & Boats: Auto & Truck Repair & Service

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RE: Auto Repair Business w/ Real Estate in MPLS Broker: Nick Strandberg

Quick Facts

Asking Price: $295,000
Annual Revenue: $231,859
Net Profit: Not Disclosed
Cash Flow: $128,721
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $219,500
Year Established: 34
Employees: Not Disclosed
BBN Listing #: 358028483
Broker Reference #: 10669 NS

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Business Overview:

NOW MAY BE THE TIME TO BUY this auto business with real estate using SBA guaranteed financing. There are special incentives available from SBA if you buy and close the loan by September 27, 2020. Please call for details.

If you are a good mechanic and enjoy working on larger work orders, like to be your own boss and not worry about employees, this may be the business for you. The current owner has run this business as an owner operator for years without employees and has many repeat customers who have been with him for 10+ years. This is a 3-bay with 2 hoists facility. Hennepin County has the market value at $219,500 as of January 2, 2019 for this 1500 square foot building on 10,250 square feet of land. The business generated $221,859 in sales in 2019 with a seller's discretionary earnings of $128,721. Priced at $295,000 PLUS assumption of Special Assessments of approximately $ 12,500 for road improvements that have already been done. For more information, please call Nick Strandberg.

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Reason for Selling:

Other interests

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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