70+ Year Profitable Auto Shop With Real Estate Included
Not Disclosed, NC Cumberland County
Asking Price:
$550,000
Annual Revenue:
$500,000
Request More Information Contact the Seller
- RE: 70+ Year Profitable Auto Shop With Real Estate Included
- Contact: Shanon Madrid
Owner Financing is Available!
Seller will consider some financing for a qualified buyer
Quick Facts
| Asking Price: | $550,000 | |
| Annual Revenue: | $500,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $133,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $125,000 | |
| Real Estate: | $230,000 | |
| Year Established: | 1997 | |
| Employees: | 3 | |
| BBN Listing #: | SB-54519 | |
| Broker Reference #: | DURHANC001-54519 |
Business Overview:
Distressed Sale Due to medical! Seeking Owner Operator to take over this business which is currently closed. 70+ year family owned full service automotive shop in prime location is available for owner/operator. This business is located in a fast growing market with a new Amazon distribution center and Fed Ex across the street. Solid repeat customers is the key to success and organic growth is based on adding in fleet maintenance which at this time they have had to pass on due to manpower. Revenues every year are right at $500k, and SDE averages $145K. Owner provides administrative support. Real Estate accommodates 6 vehicles inside in 2,132 Sq ft with 2 additional outside lifts. Income producing property on-site, duplex with rent of $1,400/mo. Website and marketing needs to updated and refreshed. Family medical issues is causing owners to spend more time away from business so they have decided to retire. For more information please contact Shanon Madrid at 919-624-9275 or smadrid@sunbeltnetwork.comTo request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Included in sale price. 2,132 square feet with inground oil changing pit. Room for 6 vehicles.Market Competition and Expansion:
No other automotive shop in 5 miles radius. Sits in large metropolitan area and growing.Reason for Selling:
RetirementAdditional 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:
- View more North Carolina businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information
