Auto Repair And / Or Commercial Property For Sale
Location Florida,United States
Asking Price Range < $250K
Gross Revenues $76633
Net Profit / Cash Flow $32000
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
Reason for Sale Retirement
Description ASSET SALE OF A PROFITABLE BUSINESS. (Price is based on the value of the physical assets and not the financial performance of the 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 (bldg & .38 acres on 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.
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