This is a great opportunity to own a very successful Auto Repair Shop in Oakland County, MI. Located on a very busy road, this free-standing 5 bay, 4 hoist repair shop is surrounded by plenty of residential and commercial properties in the surrounding area. All equipment is in excellent condition and very well maintained. Current owner does no advertising…a new owner/operator along with some creative advertising/marketing, expanding on hours, adding fleet and commercial accounts, service used car lots and adding additional services, you have HUGE potential to the already solid figures. Owner has done very well with the business and is ready to retire and pass on this successful repair shop to a new owner. Buyer has the option to either lease or purchase the property. This is a turn-key business that will not disappoint! A must see/must have business that will not last long! Call Armen Nazarian.
About the Business
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Building Sq. Ft.:
This is a great opportunity to own a very successful Auto Repair Shop in Oakland County, MI. Located on a very busy road, this free-standing 5 bay, 4 hoist repair shop is surrounded by plenty of residential and commercial properties in the surrounding area. All equipment is in excellent condition and very well maintained.
$249,900 with $125,000 down, 8% int., amortized over 60 months
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Asking Price: $249,900 Gross Revenue: $452,626Cash Flow: $167,912 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 not included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: $400,000 not included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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