Seller's Contact Information
- RE: Extremely Profitable Custom Rim/Tire Retail
- Contact: Russell Cohen
Quick Facts
Asking Price: | $1,800,000 | |
Annual Revenue: | $3,169,200 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $545,373 | |
Total Debt: | Not Disclosed | |
FF&E: | $100,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1999 | |
Employees: | 5 | |
BBN Listing #: | 89814955 | |
Broker Reference #: | 1043-17710 |
Business Overview:
Reason for sale: Absentee Owner- Extremely Profitable Retail Rim/Tires Facility in North Florida. Established since 1999 as a leader in the Retail Automotive Customization. The company specializes in services ranging from Custom wheels & tires, suspension, interiors to full paint & body restoration. The business caters to customers who want to modify their car, truck, SUV & more. The company represents the largest brands in the industry. 2022 revenue of $3.1 million with an EBITDA of $545,000. Seller will provide long term lease for a total of 10 years. Rent - $5,885 (NNN). Experienced staff will continue with new ownership. $545,000 EBITDA is a for an absentee owner -management in place.
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Property Features and Assets:
$5,500 Base Rent Sales Tax / 5 year lease One- 5 year option/5,852 square feet. Assets = $130,000.
Reason for Selling:
Absentee owner.
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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