Iconic Palm Beach County General Auto Repairs

Not Disclosed, FL
Palm Beach County


Asking Price: Annual Revenue:
$500,000 $1,173,453

Automotive & Boats: Auto & Truck Repair & Service


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RE: Iconic Palm Beach County General Auto Repairs Broker: Randy Bring
Owner Financing is Available!
$50,000 @ 6% for 36 months = $1,521.10/month.

Quick Facts

Asking Price: $500,000
Annual Revenue: $1,173,453
Net Profit: $225,884
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $172,500
Real Estate: Not Disclosed
Year Established: 1983
Employees: 9
BBN Listing #: 7794630
Broker Reference #: 0101985157

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Business Overview:

Iconic Palm Beach County general auto repair facility. Situated on a major east-west corridor with FDOT 2021 daily traffic count of 48,000. Free standing building with six full bays and lifts. All equipment and inventory included in this turnkey facility which has been under the same management for almost 40 years. Employees include General Manager, Service Writer, and a professional staff with several long tenured ASE-certified techs. This shop is NOT open on Saturday or Sunday. One of the cleanest general auto repair shops and best run facilities in south FL. All employees are W2, 100% CPA prepared financials. No stories, no excuses and no ”owner to prove” income. Below market rent with lease and options for 15 more years. Excellent mix of local retail customers and long-term municipal/state fleet accounts. Stated financials have been annualized from 5-31-22. True seller retirement sale and the shop that sets the standard for all others in the area. Buyer’s BIO and Proof of Funds are required before disclosure. Please refer to listing #0101985157 & ask for Randy Bring when inquiring.

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Property Features and Assets:

4,888 Square Fet freestanding building @ $7,500/month.

Market Competition and Expansion:

Unknown/Unlimited.

Reason for Selling:

Retirement

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.

Relevant Links:

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