Auto Repair And / Or Com'l Prop On Us 1 In Florida
Location Florida,United States
Asking Price Range $250K - $500K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1991
Number of Employees 1 - 3
Inventory 73492
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Two Weeks at no cost.
Reason for Sale Retirement and health issues.
Description Asset sale of a profitable business. This auto repair shop has been in the same excellent location for 20 years, on US Hwy 1 in Cocoa, FL. It is a 2-bay, fully-equipped auto repair business and includes the commercial property. The 2 owners wish to retire. Although profitable, owner benefit is down approx 50% since 2009 due to no advertising & limited hours. Normal owner cash flow is approximately $32,000. This presents an excellent opportunity for a younger mechanic(s) looking to own and grow their own business. The potential is there!
The property (1,504 s.f. bldg on .38 acres fronting US 1) can be purchased without the business for $245,000 - a real bargain given the location!. It is suitable for other businesses including Quick Lube, Tire Store, miscellaneous retail, Rentals, etc. Total asking price for business & property is $318,492. The value of the auto repair physical assets is $73,492.
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