Seller's Contact Information
- RE: Popular Auto Repair-Large Client Base
- Contact: Louis Falzarano
Quick Facts
Asking Price: | $145,000 | |
Annual Revenue: | $329,695 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $60,969 | |
Total Debt: | Not Disclosed | |
FF&E: | 25,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1950 | |
Employees: | 2 | |
BBN Listing #: | 44584955 | |
Broker Reference #: | 3401-17600 |
Business Overview:
Auto Repairs and Service since 1950
Local business in town for auto repair and maintenance has many dedicated customers over the course of 60 years. Business operates in 4,000 square feet leased space with 7 bays and 5 lifts on a busy road and also has parking in front of building.
Great for existing repair place to expand or for a mechanic getting his own shop. Must see it to appreciate it. Seller will stay on to insure a smooth and orderly transition.
Owner is offering 50 percent in seller financing for 48 months at 8% interest rate.
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Property Features and Assets:
Free standing with over 4,000 square feet. Rent is $5,000 per month and landlord will sign a new 5 year lease. Potential to renew the lease or purchase the property after initial term. Assets = $38,180.
Market Competition and Expansion:
No competition in the area. Large growth potential. There is room for large growth potential by advertising, website, adding more employees.
Reason for Selling:
Owner wants to retire.
Additional Details:
- The property is Leased.
- 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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