Moving Back To Europe May 31!family Emergency!!must Sell Asap!

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SEEKING QUICK $ALE!--SELLER MOVING back to EUROPE and VERY MOTIVATED!!!
Asking Price:
$149,000

Gross Revenue:
$474,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$75,000
included in asking price

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Business Description

High end auto service and repair on one of Sarasota's busiest, high traffic, high visibility streets.This Auto Business has been in the same location for twenty years. In 2016, when the current owners bought it to get their E2 Visa, it was doing $1.7 million in Sales which included Car Sales & Repairs. Sellers have made the decision to move back overseas due to personal family emergency. THEY NEED OUT ASAP!!They are taking a large LOSS at $149 K just to SELL and move on.Average monthly Sales for Jan,Feb and March 2019 was $63,000 per month.This is an ASSET SALE and not based on Books & Records. QUICK SALE required. Please be ready to provide Broker proof of funds and sign an NDA as there is no time to waste here.SOME SELLER FINANCE!! This DEAL can CLOSE in 2 Weeks with the right Buyer.

About the Business

Year Established:
1999
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
4,500
Rent:
$5,350.00 Per Month
Facilities:
This is about 5 -6 bays 4500 sq ft+/- with rear lot for car storage.
Market Outlook/
Competition:
This operation has a niche as they focus on specialty car repairs.Many of the same customers have been going there for years.
Growth & Expansion:
For many years the prior owners did over $1 million is Car Sales.Current owners never promoted Auto Sales since they took over in 2016.A new Buyer could add Car Sales and grow the business to what it was previously doing.
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About the Sale

Reason For Selling:
Moving back overseas
Training/Support:
1 Week transitional support
Seller Financing:
$59,000 with $90,000 Down

Listing Info

ID:
1625049
Ad Detail Views:
0

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Business Listed by

Thomas Keay

Business Broker World
License# #SL3425630

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Sponsoring Broker:

Denis J.Burke,MBA
Business Broker World
License# BK3296092

U.S. Census Data for Manatee and Sarasota Counties, FL
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Manatee and Sarasota Counties, FL
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Source: American Community Survey (2010-2014), United States Census Bureau.

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