Well established retail store specializing in auto repair and body work which represents approximately 65% of total sales, and the sale and installation of auto & truck electronic equipment including stereos, speakers & amplifiers, tires, wheels, & window tinting, representing approximately 25% of total sales, and Home furniture, beds, and mattresses under band names such as Coaster Furniture, Furniture of America, Crown Mark Furniture, and Home Elegance which accounts for approximately 10% of total sales. The facilities is a free standing building and includes a large show room and 8 bay auto repair shop. The real estate can be leased or can be purchased at $1.4 million.
- Freehold Price:
- $1,400,000
- Lease Asking Price:
- $450,000
- Sales Revenue:
- $625,000
- Cash Flow:
- $144,000
Property Information
- Real Estate:
-
Available as lease or with real property included
- Lease Terms:
-
Gross rent is $7,500 per month for a new five year lease with options to renew at the then market rate.
- Location:
-
Southwest Houston - Alief Area
- Premises Details:
-
Retail store and auto repair shop with large display room and shop area.
Business Operation
- Reasons for selling:
-
Pursue real estate investments
- Trading hours:
-
9 AM to 6 PM Monday to Saturday
- Employees:
- 4
- Years established:
- 2010
Other Information
- Support & training:
-
As needed
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller financing available. $225,000 Down Payment, and Seller Note for $225,000 5 years @ 6% = $4,349.88. Willing to finance the purchase of the real estate with 50% down.
- Furniture / Fixtures value:
- $250,000
- Inventory / Stock value:
- $28,500
- Lease asking price:
- $450,000
