Automotive Mall
Location:
United States
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Minnesota
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St. Cloud
Industry: Auto Related > Other Auto Related
Business Summary
Crossroads Auto Mall was built in 1993 and has been the home of Jiffy Lube, Car-X Muffler Shop, and Abra Auto Body. There are two buildings on the 58,812 square foot property that have a combined gross building area of 17,020 square feet. The buildings have roof-mounted, individually controlled and gas-fired HVAC in the office areas only. Heating in the shop areas is accomplished with three 100,000 BTU infrared tube heaters units. Electrical service is 200 amp, three phase. The floors have 5 inches of poured concrete, and is sloped to the floor drains in service areas. The metal roof system has an R-18 insulating factor.
The three businesses share 71 paved parking stalls. Recently, the Jiffy Lube and CarX leasehold spaces have become available to the market, and the former Jiffy Lube space has been rented to an independent operator, while the CarX space remains available for lease. The building's real estate tax is $39,936.
The building's Net Rentable Lease space, and pro forma Net Income is as follows:
Lube: 1,923 square feet, $40,000.
Car-X: 4,785 square feet, $65,000.
Abra: 6,929 square feet, $84,000.
The vacant Car-X space has a 640 sf office, with a mezzanine space of the same size above, and has 10 service bays with 7 hydraulic hoists. It is available for lease at the rate of $13.75 p.s.f., net. Estimated C.A.M. is $3.08 psf, and real estate tax is $2.93 psf.
Purchase Price: $1,650,000 Email or contact Don Weisman at 320-259-4091 for more information on this business for sale.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$189,000
Cash Flow:
$189,000
Cash Flow Type: EBITDA
Inventory: $0
Seller Financing: No
About The Business
Year Established: 1993
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Minimal.
Reason For Selling: Other business interests.
Click on the "I'm Interested" button above for more information on this Auto Related > Other Auto Related business for sale.
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Print Listing Id: 70044927
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