Auto Repair And / Or Com'l Prop On Us 1 In Florida

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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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