Classic Car Restoration Garage including Real Estate

Harris County, TX
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Asking Price:$1,975,000
Gross Revenue:$794,659
FF&E:$50,000
Established Year:2012
Cash Flow:$194,773
Rent:$6,000
Real Estate:$1,400,000
BUSINESS DESCRIPTION

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-134635

Reduced - Sellers Motivated. Reasonable offers will be considered on this business AND commercial real estate opportunity, or potential for real estate only with additional development expansion in addition to existing purpose built auto repair space.

Wow! What a fun business! If you love classic muscle cars, this is a must see. 2023 proved to be the best year yet - great opportunity to continue the growth!

Business sale price = $475,000, plus real estate of $1,500,000 for a total acquisition cost of $1,975,000. SBA pre-qualified. Buyer must have $400,000 minimum equity injection, and not rely on the business for a livable wage if using SBA financing route. The seller is only considering offers including the real estate at this time, and real estate only will be considered and seller will close down business. Ready to retire and see the country!

Classic American Muscle car restoration business with over ten years' ten years proven expertise . With additional plans for future expansion, this business is positioned to be a powerhouse in the American classic car restoration and collection craze.

Known for their excellent reputation, fair dealings, and quality work, this business is perfect for an owner looking to participate in the day to day, learn from the seller through an extended transition, and continue to build the business operations. Great passion play and income producing hobby for a new owner who wants out of the corporate grind, yet still wanting to be hands on at the shop and be integral in and directing the building of masterpieces.


DETAILED INFORMATION
Location
Harris County, TX
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
6,000
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Facilities: Purpose built facility on 5 acres Monthly Rent: $6,000.00 Square Units (Foot, Meter): 6,000 Terms Options: Arms length lease between related parties FF&E General Condition: Excellent
Growth & Expansion
o Direct product sales through website. o Used part sales (seller has a built up an inventory it has never taken the time to market). o Addition of a paint and upholstery shop. o Further expansion into new garages, addition of personnel and strategic growth. There is plenty of opportunity for increased production with a new owner who wants to do the work to grow.
Support & Training
Number of Weeks Seller Will Offer Training: 2
Reason for Selling
Retirement
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Bobbi
Coffey
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Bobbi Coffey