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Sunbelt of Durham

Under Contract - Auto Shop With Real Estate For Sale

North Carolina, US
Asking Price:
$570,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$400,000
Cash Flow:
$30,000

This auto shop has an incredible amount of potential and unused capacity that is poised to vastly increase its earnings with some TLC. Buyer has the opportunity to increase the amount of bays utilizing the included storage building next to it. Seller financing available at low interest rate.

Total asking price includes the property, rollback truck, loaner vehicle, all shop equipment and inventory, and pristine brand recognition within the community. The real estate itself is valued at approximately $400,000.

This is an exceptional opportunity to buy-in low for a large automotive shop at base asset value at a 3.75% interest rate. This type of opportunity is a rarity in today's market.

Please contact Adam Ezell at (919) -------- or [email protected]
Facilities:
Three different buildings totaling 11,000 sq. ft. Four bays are in the front building with four in the back. The third building is currently a large warehouse building that has a bay in there for other side projects and a bunch of storage. Owner could convert this.
Real Estate Available: Yes
Real Estate Included: Yes
Real Estate Value: $400,000.00
Real Estate Description:
Three buildings with 11,000 sq. ft. Approximately 1.5 acres. 8 Bays, 1 warehouse.

Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Owner worked hours per week: 20
Is Going Concern: Yes
Market Competition: There is a lot of opportunity to take on new business. Currently, the only way to set up an appointment is online. The shop has turned away a lot of business due to the owner's health and has an exceptional reputation in the community. This is probably the most well known shop in the entire county.

Property Information

Real Estate:

Real Property Included

Size in square feet:
11,000

Business Operation

Reasons for selling:

Health reasons

Employees:
Full Time: 5
Years established:
60

Other Information

Support & training:

Owner willing to stay on and help transition.

Financing available:

Financing is available

Furniture / Fixtures value:
$70,000 - included in the asking price
Inventory / Stock value:
$5,000 - included in the asking price