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Tire & Auto Repair Shop with Rental Income Option! (37796)


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Excellent property potential! Situated in Marion County of Florida, this automotive shop specializes in a wide range of repairs for most makes and models of automobiles and light trucks including various domestic and foreign brands. Boasting great reputation and accreditation, the business is AAA-approved and properly experienced, offering quality services for A/C tune-ups, oil changes, engine diagnostics, and transmissions. 2021’s sales were $786,185 with over $174,572 in SDCF. The repair shop facility measures 5,400 square feet complete with seven service bays for operations, plus a tool shed and customer areas with an office. With a prime location, the building features 1,400-sq.ft. Of an overhead loft for additional storage and plenty of parking, available for optional purchase outside of Asking Price. The property also comes with a residential rental income (2 Homes) if bought, making it a unique opportunity. With no clients making up more than 2% of its annual income, the company enjoys an ideal flexibility for strategy optimizations for further industry growth, such as more fleet work and hiring more full-time workers. Reliable personnel of five nonunion employees are most likely to remain post-sale and continue with involved functions after a seller transition period up to one year under new management roles. Besides maintaining a website, social media engagement, and backed verbal referrals from their large and recurring clientele, marketing potential exists with more aggressive radio adverts. Seller would be willing to hold a note up to 20% if property is purchased at appraised value. 



Listed By: Steve Rafter

Background information

Seller Number:

A37796

Year established:

1998

Reason selling:

Approaching retirement and/or pursuing other interests.

Finance

Sales:

$786,185

Profits:

$174,572

Profit type:

Discretionary Earnings

Operations

Employees:

5 nonunion.

Equipment:

$232,936

Inventory:

$3,000

Premises

Square footage:

1,400+/-

Rent and lease terms:

Facility comes with residential Rental Income if bought!

Location:

Property valued at $700,000 is available for optional purchase outside of Asking Price.

Opportunities

Growth:

No individual clients make up more than 2% of its Annual Income!

Market:

Website, Social Media & Referral Sources.

Price and terms

Price:

$395,000

Financing:

Negotiable up to 20% for the right buyer.

Owner Transition:

One year period under new management roles.