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Established Classic Car Restoration Garage Including Real Estate In Texas For Sale

Houston, Texas, US
Asking Price:
$2,100,000 Furniture / Fixtures included
Sales Revenue:
$794,659
Cash Flow:
$194,773

TRANSWORLD BUSINESS ADVISORS OF HOUSTON.

Wow! What a fun business! If you love classic muscle cars, this is a must see. 2023 proved to be the best year yet - great opportunity to continue the growth!

Business sale price = $700,000, plus real estate of $1,400,000 for a total acquisition cost of $2.1M.

SBA pre-qualified. Buyer must have $400,000 minimum equity injection, and not rely on the business for a livable wage if using SBA financing route.

The business alone is also SBA PQ, but seller is only considering offers including the real estate at this time.

Classic American Muscle car restoration business with over ten years' ten years proven expertise . With additional plans for future expansion, this business is positioned to be a powerhouse in the American classic car restoration and collection craze.

Known for its excellent reputation, fair dealings, and quality work, this business is perfect for an owner looking to participate in the day-to-day, learn from the seller through an extended transition, and continue to build business operations.

Great passion play and income-producing hobby for a new owner who wants out of the corporate grind, yet still wants to be hands-on at the shop and be integral in and directing the building of masterpieces.

Property Information

Real Estate:

Real Property Included

Location:

Facilities: Purpose built facility on 5 acres

Premises Details:

FF&E General Condition: Excellent

Business Operation

Expansion Potential:

o Direct product sales through website.
o Used part sales (seller has a built up an inventory it has never taken the time to market).
o Addition of a paint and upholstery shop.
o Further expansion into new garages, addition of personnel and strategic growth. There is plenty of opportunity for increased production with a new owner who wants to do the work to grow.

Reasons for selling:

Retirement

Trading hours:

Mon-Fri: 8 AM - 5 PM

Employees:
8
Years established:
2012

Other Information

Support & training:

Number of Weeks Seller Will Offer Training: 2

Financing available:

Other Terms:$1,770,000.00 Interest:10% Term Months:300 Monthly Payment:$16,082.00

Furniture / Fixtures value:
$50,000 - included in the asking price