Description

Are you looking for an amazing opportunity to purchase an independent auto repair and tire center with annual sales that have averaged $1,722,000 and cash flow that has averaged $284,000 over the past four years. This highly profitable business has generated $293,400 in cash flow in its last fiscal year, affording an owner/operator an outstanding salary after debt service. The Business is well established with over 20 years of goodwill, excellent reputation for customer service and a loyal clientele. The Business comes with the tire and automotive equipment required to run a full service auto repair business, including alignment and total car care. The 9,900 square foot building has the space for a huge major brand tire inventory, a customer waiting area, room for expansion of the service area and plenty of parking. It is located along a highly traveled retail corridor, surrounded by an above average income residential population. Five experienced employees will support an entrepreneurial new owner who wishes to further grow the business. The Seller will provide training and support during the transition period. Also, the Seller would welcome the opportunity to continue working as a full or part time employee for an indefinite period, if desired by the Buyer. The Business is pre-qualified for Bank/SBA financing. The Seller owns the real estate and will offer an advantageous lease/purchase of the property to a qualified Buyer. The Buyer may lease the property for $8,000 per month triple net, fixed for a term of 10 years. At the end of the 10 years of rental payments, the Buyer may purchase the real estate for ONE DOLLAR!

Financial Summary

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