Automotive Repair Shop in the Tampa Bay area, SBA approved

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SBA approved Auto Repair Shop in the Tampa Bay area below market value
Asking Price:
$266,000

Gross Revenue:
$739,714
Cash Flow:
$156,754
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
$55,000
included in asking price

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Business Description

Price just reduced $266,000, a 1.69 times earnings ratio which is well below markert value. SBA approved. This business is located on one of the fastest growing area in the Tampa Bay area. 3238sq ft with full service 5 lifts. Clean shop and modern state of the art lobby and customer waiting area. Has top of the line equipment and ASE Technicians in place that can help, assist and direct the new owner(s) of the business. NAPA Auto Care Center, which provides a nationwide warranty. Has an above average/outstanding online reputation with Google and other Customer reviews. Currently has 3518 customer base with repeat business. Sellers anxious to sell and retire. The ad picture is NOT a picture of the business, it is a generic picture.

About the Business

Year Established:
2010
Number of Employees:
3 FTE
Real Estate:
Leased
Building Sq. Ft.:
3,238
Rent:
$6,918.80 Per Month
Lease Expiration:
5/31/2021
Facilities:
3238 sq feet, clean, located as part of a shopping plaza. 2 years remaining on the current lease and building management has stated that the new owner(s) would be able to get an extension beyond that time frame.
Market Outlook/
Competition:
Strong due to a new shopping mall that creates a lot of traffic.
Growth & Expansion:
Asking price is 1.69 times earnings, well below market value. Gross revenue and net profits can be increased by being open on Saturdays and not closing 2 weeks per year!
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About the Sale

Reason For Selling:
Health and Retirement
Training/Support:
10 days at no cost to buyer
Seller Financing:
SBA approved

Listing Info

ID:
1457940
Ad Detail Views:
1402

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$
months
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Business Listed by

Gary Adcock

Better Business Brokers - Senior Business Analyst, LLC
License# BK149962

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