Cars Unlimited, Martha's Vineyard Auto Repair, Business & RE Sale

Asking Price$800,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.3600

Price per Sq. Ft.Not Disclosed

Cars Unlimited is a locally loved, successful auto repair shop on Martha's Vineyard.Save

Cars Unlimited, Martha's Vineyard Auto Repair, Business & RE Sale


Asking Price$800,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.3600

Price per Sq. Ft.Not Disclosed

Property Description
Established in 1987 by Martha’s Vineyard native David Pothier and his wife, Terry, Cars Unlimited, Inc. is a state-of- the-art automobile repair shop in Edgartown, Massachusetts. With an eye to the increasingly burgeoning summer population—21,000 year-round residents swells to 200,000 in the summer—the Pothiers have adeptly positioned their business in the Martha’s Vineyard Airport Industrial Park, an ideal location for customer convenience to the airport as well as to the Vineyard Haven Ferry Depot. With over 25,000 registered vehicles on Martha’s Vineyard and an additional 10,000 vehicles during the summer months, demand for reliable automobile diagnostics, service, and storage is high, particularly during peak periods.
The business is housed in a meticulously maintained +/- 3,600 Sq. Ft. steel framed warehouse with three service bays and a Massachusetts State Inspection station across +/- 2,800 Sq. Ft. of shop space. +/- 800 Sq. Ft. is dedicated to a comfortable customer reception area with a front desk, a bathroom, and a second-floor office. The grounds of the building provide extensive outdoor space for customer automobile storage as well as used car inventory. The +/-1.19 acre parcel has a ground lease in place for $66,000/year (2021). The lease was signed in 2017 and has fifteen years remaining. It is adjusted annually by C.P.I.
With the help of three full-time employees and one part-time employee, the Pothiers share the responsibilities of owning and operating the business. David oversees the general maintenance of the shop; having obtained years of hands-on industry experience, he performs diagnostics and repairs on every automobile make and model and is a licensed MSI and commercial vehicle inspector. Terry is the office manager, ensuring smooth daily operations and customer satisfaction; she also assists a full-time, customer-facing, service writer in the management of the front desk and sourcing parts and supplies. The service writer is an MSI inspector and is licensed to perform motorcycle and vehicle inspections. Two full-time technicians are available for diagnostics and repairs and one part-time licensed MSI inspector. In addition to cultivating a knowledgeable, long-standing team of employees, the Pothiers have also developed a pipeline of new talent through a training partnership with local island schools.
About the Property
Type
Warehouse
Building Status
Established
Facilities & Assets
-+/- 1.19-acre ground-leased parcel
- steel-frame warehouse is +/- 3,600 square feet.
- 2,800 SF allocated for shop and warehouse, customer waiting area, a bathroom, a front desk, and a private office.
- 800 SF on the second floor, which includes two private offices and additional storage space.
- 4 overhead garage doors
Location Description
Its adjacency to the Martha’s Vineyard Airport adds an extra layer of accessibility, making it an ideal location for businesses seeking a well-equipped and strategically positioned facility. Zoned as Business III (B III), the property permits light industrial uses
Year Built
1995
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Current Property Expenses
This building is on Leased Land
Listing Info
ID:
2021017
Listing Views:
2423
Attached DocumentsAttachment Disclaimer

5-North-Line-Rd-Edgartown-Listing-Sheet.pdf

Business Location

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Property Listed by: Brad Kuhrtz Commercial Realty Advisors, Inc.

Listing ID: 2021017 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.