MergerPlace

Auto Repair & Restoration

Minnesota


  • Asking Price: $599,500
  • Gross Income: $517,071
  • Cash Flow: $37,145
  • Real Estate: $400,000
  • Inventory: $97,000
  • FF&E: $81,800
  • Listing ID: #201623
  • Established: 1983
  • Employees: 5 FT/1 PT

Business Description

This business has been providing quality automotive and light truck repairs since 1983. They specialize in four wheel drive work and also offer vehicle accessories like snow plows, running boards and performance products to their customers. The business also does vehicle restoration work which draws customers from all over the state.
The owner wishes to retire and sell all the company assets which total over $700,000. This 4.5 acre site has multiple buildings which could be some could be re-purposed and it sits across from a very high traffic national retailer.


Business Details

Primary Business Category: Retail Trade - Gasoline and Service Stations
Location: Minnesota

Company Information

Year Established: 1983
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FT/1 PT

Financial Information

Asking Price: $599,500
Gross Revenue: $517,071
Cash Flow: $37,145
FF&E: $81,800
Inventory: $97,000
Real Estate: $400,000
Seller Financing Available: No

Property Information

Facilities:

This 4.5 acre site sits across from a very high traffic national retailer. There are multiple buildings on the site of which some could be re-purposed as desired. The vacant lot near this property is listed for $7./ sq ft with city services. This property currently does not have city services.

Growth & expansion opportunities:

There will always be a demand for the repair business. A good business plan for growth would definitely make a difference.

Competition:

There is a normal amount of competition in the area.

Reason for selling:

Retiring.

Support & Training:

Will train for 2 weeks @ no cost. There are no special licenses needed.

Contact Business Seller

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Business Listed By:

David LaVoi

Murphy Business Brokers