Busy Auto Repair Shop Near Major Highways

Not Disclosed, FL
Indian River County

Asking Price: Annual Revenue:
$150,000 $411,094

Automotive & Boats: Auto & Truck Repair & Service

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RE: Busy Auto Repair Shop Near Major Highways Broker: Bob Leone

Quick Facts

Asking Price: $150,000
Annual Revenue: $411,094
Net Profit: Not Disclosed
Cash Flow: $138,960
Total Debt: Not Disclosed
FF&E: $88,800
Real Estate: Not Disclosed
Year Established: 2010
Employees: 2
BBN Listing #: 843111185
Broker Reference #: 170-08385

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Business Overview:

OMG, what about being the only game in town. Not only the only game in town, but just 3 miles off I 95 and the only repair shop between I-95 and the turnpike, a 22 mile span. Tow companies know where to bring the breakdowns. Huge room for growth, only open Monday - Fridat 8-5, can extend hours to 7/24 to accommodate traveling breakdowns. If you are broken down anywhere near and google mechanic, this is the spot. Owner is 40% disabled ready to go out on 100% disability and move. Other mechanic and office person will stay. Lowest rent anywhere. No environmental issues, building isn't pretty, but it is equipped. Owner willing to stay on as employee for extended transition if needed. You get $110,000 in assets plus the earnings. Financial increases of 10-20% year after year. Lender Pre-qualified.

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Property Features and Assets:

Inventory Value: $2,000 (included in the asking price). Lease/Month: $1,177. Square Footage: 3,200 with 2 bays. Building Type: Semi stand alone. Terms & Options: Negotiable. Expiration Date: 6/30/2019. Leasehold: $20,000. SBA Loan: $120,000. Mos: 120. Rate: 7%. Mo Pmt: $1,393.30

Reason for Selling:

Health Issues

Additional Details:

  • 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.

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