Auto Repair Shop
Asking Price: | $350,000 |
Gross Revenue: | $497,000 |
High Profit, Low Rent, Excellent Location with 25 years of customer retention Auto repair shop. Approx -/+ 3000 sq ft Auto Repair shop with $1500.00 rent was established 25 years ago. The location is a very nice newly developed area with lots of homes across the street. The garage is well Maintained with plenty of parking front and back. A roll up door, with four lifts. On hand inventory is approximately$6000.00 The location also has a
loft area, right now used for storage. Nicely kept clean reception area. Per Tax returns for the seller, the Gross income 2023is $497,000 and Net income is $227,000.
2022 Gross income for 536,000 –Net income 264,000.00.
2021 Gross income554,000.00--- Net income 207,000.00
The lease has 4.5 years left on the lease. High marks on reviews. Owner is looking to retire and spend more time with the family.
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