European Auto Repair Shop

Wayne County, MI

Seller Financing Available

listing image
Asking Price:$349,900
Gross Revenue:$236,896
Rent:$2,500/Month
Cash Flow:$110,713
Inventory:$10,000
Established Year:2017
BUSINESS DESCRIPTION

This is a great opportunity to own a very successful, 5-star European Auto Repair Shop in Suburban Wayne County, MI. Located on a heavily traveled road, this 2,500 sq ft free-standing, 3 bay with hoist repair shop is surrounded by plenty of residential/commercial properties along with auto dealerships in the surrounding area. All equipment is in excellent condition, very well maintained with some newer equipment all included in the sale. There is one room that is not being utilized and can easily be expanded into the front showroom. Seller rents an additional lot a block away to store overflow of vehicles to service. Current owner does no advertising…a new owner/operator along with some creative advertising/marketing, expanding on hours, opening on Saturdays, adding a website, adding fleet/commercial accounts, a complete retail department to sell accessories, wheels/tires/alignments along with additional services, you have HUGE potential to the already solid figures. Owner has done very well in the past with even higher sales figures but turns away business to keep up with the demand and continuing a 5-star status. This shop is a Bosch, Carfax and Liqui Moly certified garage! This is a turn-key business that will not disappoint! A must see/must have business that will not last long! Ideal for an owner/operator or an additional location to an established service center. Call Armen Nazarian Business Brokers


DETAILED INFORMATION
Location
Wayne County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,500
Employees
2
Facilities
All equipment is in excellent condition, very well maintained with some newer equipment all included in the sale. There is one room that is not being utilized and can easily be expanded into the front showroom. Seller rents an additional lot a block away to store overflow of vehicles to service.
Growth & Expansion
Current owner does no advertising…a new owner/operator along with some creative advertising/marketing, expanding on hours, opening on Saturdays, adding a website, adding fleet/commercial accounts, a complete retail department to sell accessories, wheels/tires/alignments along with additional services, you have HUGE potential to the already solid figures.
Financing
$349,900 with $175,000 down. 8% int., amortized over 120 months, balloon due in 60 mo
Support & Training
Seller will Train
Reason for Selling
Moving Out of State
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Armen Nazarian