Auto Repair-6 Bays w/Real Estate

File# C2572
Location: Genesee County
Business Price: $250,000
Down Payment: $100,000
Monthly Payment:$2,830.69
Interest Rate: 5%
Amortization Period:60 months
Gross Sales: $737,335
Source: 2019 Tax Return
Cash Flow: $174,334
Source: 2019 Tax Return
Inventory: $5,000 +/-
Days Open: 4 days
Business Hours: 7:30 am-6:30 pm
Seats: N/A
Parking: Ample
Licences Required:Sales Tax, Repair License
Year Established:1986
Year Acquired: 2006
Building Price:$350,000
Building Terms:$150,000 down, $3,774.25/month, 5%/60 months

Profile:

Our firm is proud to present this fantastic auto repair business for sale located in Genesee County. The business is close to M54 and I69, a busy area in Genesee county. The business has around 6,000 clients in the database and 90% of them visit the shop more than once. In 2019, the cash flow to the owner was over $210K. Currently the business is being run by two ASE certified mechanics and the owner couple. The owner couple primarily manage the business and also act the service writer. The most common services provided at the shop are repair and maintenance services like suspension, brakes, engine, electronic system, transmission etc. The building has a nice security system and the office was renovated in the end of 2019. The entire building is in great condition and is over 3,500 Sq. feet with a total of 6 bays and 5 lifts. All the equipment necessary to run the business is included except the owner’s toolbox and tools which are optional for sale. This is truly a turn-key business with stable cashflow and enormous room to increase revenues, the couple maintained the business at the level of $700K in the last three years without marketing the business and with 4 working days per week. There are 30-40 parking spots outside. The price of the business is $250,000 and the real estate is listed for $350,000. SBA Financing is possible. Call us today to learn more about this fantastic opportunity.

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This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.