Profitable Auto Repair Shop With Real Estate/Rental Income
Not Disclosed, OH Lake County
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- RE: Profitable Auto Repair Shop With Real Estate/Rental Income
- Contact: Jack DiMatteo
Quick Facts
| Asking Price: | $250,000 | |
| Annual Revenue: | $631,061 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $105,808 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $86,046 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1980 | |
| Employees: | 3 | |
| BBN Listing #: | 1002637 | |
| Broker Reference #: | 67201-349824 |
Business Overview:
PRICE REDUCED. Highly regarded, award winning, auto repair shop in great location with loyal, repeat customer base. Real estate includes the repair shop and a rent paying tenant. Free estimates/guaranteed service. Everything from oil changes to extended service work. Tires. Brakes. Suspensions. Maintenance. Engine. Shocks. Electrical. Muffler. Winterizing. A/C & Heating Repair. Minor Body Repair. Owner willing to stay on to ensure smooth transition. Facility built with maximum productivity in mind. All lifts are in ground, smart lifts. All bays equipped with access to everything techs need.
Contact the Seller:
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Property Features and Assets:
Current owners have owned/operated general automotive repair shops in the same Lake County city for over 40 years. Current ownership team has been in place at this location since 2002.
One unit of a two unit building.
Owners have maintained and updated equipment as needed. Brand new alignment rack just installed. Other assets of 226k ARE NOT included in the sale price.
FF&E General Condition
Good to excellent. Facility built with maximum productivity in mind. All bays have accessibility to required tools/power sources. All lifts are in ground, top-of-the-line, smart lifts
Market Competition and Expansion:
Sales could increase 25-50% with additional automotive technician(s). Newly installed alignment rack increases service capabilities and offerings.
Owner has over 40 years experience owning/operating general automotive repair shops. Three generations of families travel from inside and outside the general area to have automobiles serviced.
Reason for Selling:
Retirement. Kindly ask the seller for more information.
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
Relevant Links:
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