Auto Repair Facitility

File# C2443
Location: Macomb County
Business Price: $399,900
Down Payment: $100,000
Monthly Payment:$2,518.13
Interest Rate: 6%
Amortization Period:180 months
Gross Sales: $933,435
Source: 2017 Tax Return
Cash Flow: $165,135
Source: 2017 Tax Return
Inventory: $20,000
Days Open: Monday-Friday
Business Hours: 8:00am-6:00pm
Seats: NA
Parking: ample
Licences Required:Auto Repair/Sales
Year Established:Undisclosed
Year Acquired: Undisclosed
Monthly Rent:$4,500 NNN + ($934.00)

Profile:

This is a rare opportunity to own a long established independent iconic auto repair business in Macomb County. This turn-key repair facility has served the surrounding communities for over 50 years and is located on a highly traveled road. The business is capable of handling of up to 20 vehicles at a time in its expansive shop floor. Personal care and quality work has produced a steady stream of income ($165,135) and the facility has a great reputation and goodwill. The current operation offers a full range of services thru certified mechanics and includes all of the equipment necessary to run a full service repair shop. The building is offered in addition to the purchase price for $250,000. This business and building is potentially SBA financeable to the right buyer with 20% down or Seller financing is available for the business only. The current owner is ready to retire and is very motivated to move on in his life.

Note: Building Price $250,000.

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This information has been supplied to Broker, Capital 1 Commercial Group, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.