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Sunbelt of Durham

Profitable Auto Shop With Real Estate Included In Cumberland County For Sale

Cumberland County, North Carolina, US
Asking Price:
$550,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500,000
Cash Flow:
$145,000

70+ year family owned full service automotive shop in prime location is available for owner/operator. This business is located in a fast growing market with a new Amazon distribution center and Fed Ex across the street.

Solid repeat customers is the key to success and organic growth is based on adding in fleet maintenance which at this time they have had to pass on due to manpower. Revenues every year are right at $500k, and SDE averages $145K.

Manpower consists of 1 FT Manager, 2 FT Oil and Lube, 1 Mechanic. Owner provides administrative support. Real Estate accommodates 6 vehicles inside in 2,132 Sq ft with 2 additional outside lifts. Income producing property on-site, duplex with rent of $1,400/mo.

Website and marketing needs to updated and refreshed. Family medical issues is causing owners to spend more time away from business so they have decided to retire. For more information please contact Shanon Madrid at ------------ or [email protected]
Facilities:
Included in sale price. 2,132 square feet with inground oil changing pit. Room for 6 vehicles.
Real Estate Available: Yes
Real Estate Included: Yes
Real Estate Value: $230,000.00
Real Estate Description:
2 bay automotive shop and duplex

Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Rent: ON REQUEST
Owner worked hours per week: 40
Market Competition: No other automotive shop in 5 miles radius. Sits in large metropolitan area and growing.

Property Information

Real Estate:

Real Property Included

Size in square feet:
2,132

Business Operation

Reasons for selling:

Retirement

Employees:
Full Time: 3
Years established:
27

Other Information

Support & training:

Owner will transition as needed

Financing available:

Financing is available

Furniture / Fixtures value:
$125,000 - included in the asking price
Inventory / Stock value:
$13,000 - included in the asking price