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Listing Number: 3870
Summary - SOLD High End Automotive Repair
Owner does not work on vehicles himself. General & high-end exotic auto repair shop, extremely centrally located. Rare to market, includes Real Estate which is approved for automotive repair, valued approximately at $1m. 50% of the work done is servicing Porsche, Rolls Royce, Mclaren, Ferrari, Lamborghini, and many more exotic vehicles on a daily basis. The other 50% of works is general repair services, and business is increasing on a daily basis with practically zero advertising. Highly rated and reviewed on Yelp, Google, & more. Building has 15 bays, currently has a tenant leasing 3 bays from owners. 2021 has been a very strong year.
Building total Square footage is 6,800.
A new owner that acquires as cash buyers could add back total rent paid by the Automotive Shop and the additional tenant, currently below market (approximately $60,000 yearly total – $19,200 already in bottom line below).
Current owner may consider partnership – inquire for details.
Listing Broker
Jonathan-Barak
Business Intemediary Specialist
Phone: 954-596-8060
Email:
[email protected]
- Category: Auto Repair
- Asking Price: $1,299,918
- Gross Sales: $1,293,986
- Cash Flow: $182,133
- County: Broward
- Area: Broward County
- FFE: $ 62,000
- Inventory: $10,000
- Real Estate: $1,000,000
- Employees: 7 - Full-Time 1 - Part-Time
- Facilities: Autoshop building with 15 bays
- Relocatable? No
- Home Based? No
- Market Notes: The demand for high end quality workmanship for exotic cars is increasing.
- Growth Notes: Additional revenue sources from the rental agreements with existing tenants.
More aggressive advertising. - Support Training: 2 weeks
- Year Established: 1989
- Financing Terms: tbd
- Reason for Selling: Inquire with broker
- Inventory Included: Yes
- Is Franchise No
- Lender Prequalified No
- Absentee Owner No
- Selling Financing? No
- Is FEE Included? Yes