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Auto Repair Shop
Location: United States -> Maryland -> Silver Spring
Industry: Auto Related > Auto Repair




Business Summary

Amazing opportunity to own a excellent Auto Repair Shop located in Silver Spring Md on a major road great location. For more information on this opportunity call 202-704-1939 today.

Asking Price $150,000.00
Revenues $611,708.00
Cash Flow $60,000.00
Asking Price Notes $150k
Revenue Notes 2017 - $611,708; 2016 - $705,479; 2015 - $732,500
Lease 8 years with one 5 year option

Lease Notes 2018 rent is $6952.50 base (3% increases annually) Real Estate taxes $808 and Prorated CAM $1514.86 for a total of $9275.36/month. Subleased 2 bays in the back building selling used tires is paying us $3000/month rent. They could be removed if necessary, but at $6,275/month for 7 bays it makes the rent cheap.

Reason for Selling Retirement
Number of Employees 1 manager/service writer; 3 full time techs; 1 p/t lube tech
Parking Ample
Hours 8-6 M-F 8-4 Saturday Closed Sunday
Building Size 5,125 sq feet between the two buildings;
Building Size Notes 9 bays; 5 in front building and 4 in rear building


Financials

Asking Price Range:  < $250K
Gross Revenues:   $611,708
Cash Flow:   $60,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2013
Number of Employees:  4 - 5
Relocatable:  Yes
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease




Print Listing Id: 700308870
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Related Searches: Auto Dealers  >  Auto Parts Retail and Distribution  >  Auto Rental  >  Auto Repair  >  Car Wash  >  Gas Station  >  Other Auto Related  > 

Also See: Franchise Opportunities > Franchise Resales > Maryland Businesses For Sale > Maryland Franchises For Sale > Maryland Business Brokers



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