Auto Repair And / Or Com'l Prop On Us 1 In Florida
www.GlobalBX.com
Listing ID:
700166862
Listing Title:
Auto Repair And / Or Com'l Prop On Us 1 In Florida
Quick Link:
http://www.globalbx.com/listing.asp?bId=166862
Industry:
Auto Related
Industry Segment:
Auto Repair
Country:
United States
State / Province:
Florida
Area
City:
Cocoa
Asking Price Range:
$250K - $500K
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1991
Number of Employees:
1 - 3
Business Description:
Asset sale of a profitable business. This auto repair shop has been in the same excellent location for 20 years, on US Hwy 1 in Cocoa, FL. It is a 2-bay, fully-equipped auto repair business and includes the commercial property. The 2 owners wish to retire. Although profitable, owner benefit is down approx 50% since 2009 due to no advertising & limited hours. Normal owner cash flow is approximately $32,000. This presents an excellent opportunity for a younger mechanic(s) looking to own and grow their own business. The potential is there!
The property (1,504 s.f. bldg on .38 acres fronting US 1) can be purchased without the business for $245,000 - a real bargain given the location!. It is suitable for other businesses including Quick Lube, Tire Store, miscellaneous retail, Rentals, etc. Total asking price for business & property is $318,492. The value of the auto repair physical assets is $73,492.
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