Real Estate And Classic Car Restoration With Room

Business Overview:

This existing business offers classic American muscle car restoration services and is operated more as a passion business. While 2024 revenue and SDE business delivered $571,420 in sales and $72,076 in seller’s discretionary earnings (SDE), these results are down from prior years’ average of $733k in revenue and $148k SDE, which is a direct result by the owner being ready to retire, and not as much energy being put into the business. The sale includes all auto equipment, including lifts and tools, valued at approximately $50,000.
The real estate is ~5 acres with one 6,000 SF metal building constructed in 2018 that includes a service repair facility, 7 offices, a breakroom, and entry foyer. Already equipped with retention infrastructure, this property is ready for immediate development. With great highway access, the property is perfectly situated for a variety of commercial uses.
The main attraction of this opportunity is real estate, but there is significant upside for an experienced auto mechanic / operator to continue the classic car focus or transition to a more lucrative traditional mechanic shop. The seller is willing to debrand and remove signage, but keep existing processes, systems, furniture, fixtures & equipment (FFE) and employees in place at the discretion of the buyer.
Buyers need at least $500,000 cash down to qualify for financing and ensure smooth operations without relying on immediate income.
Business sale price: $475,000
Real estate: $1,500,000
Total acquisition cost: $1,975,000

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Contact the Seller:

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Property Features and Assets:

Monthly Rent: $6,950.00

Square Units (Foot, Meter): 6,000

Terms Options: Arms length lease between related parties

Facilities: Purpose built facility on 5 acres

Market Competition and Expansion:

Expansion:

o Direct product sales through website.
o Used part sales (seller has a built up an inventory it has never taken the time to market).
o Addition of a paint and upholstery shop.
o Further expansion into new garages, addition of personnel and strategic growth. There is plenty of opportunity for increased production with a new owner who wants to do the work to grow.

Reason for Selling:

Retirement. Kindly ask the seller for more information.

Additional Details:

Relevant Links:

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