Turnkey Auto Repair Business and Real Estate for Sale
Asking Price: | $635,000 |
Gross Revenue: | $675,000 |
Established Year: | 1988 |
Cash Flow: | $192,000 |
Real Estate: | $225,000 |
First time on the market! This profitable four-bay auto repair shop has built a loyal customer base by offering excellent service and quick turnaround times.
Conveniently located in the Lansing, MI metro market, this business has been serving the Lansing community since 1988. The business is situated on a busy street travelled by approximately 8,400 vehicles per day, not far from the State Capital and University. The business has provided decades of solid income for the owner. The business operates efficiently with the seller working full time in the business along with a team of three W-2 employees who do the repair work. One mechanic position is vacant at this time. The seller mananages front of house duties such as customer service, scheduling, and billing and also back office duties. Purchase price allocated to the business entity is $410,000.
The sale includes the building and the assets of the business including the customer list, brand, furniture, fixtures, equipment, and more as a turnkey operation. The $25,000/year amount shown on the financials for market rate rent can be added to SDE as available cash for debt service or buyer income.
Interested parties should submit a Non-Disclosure Agreeement to receive more information about the business.