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Business for Sale Summary

Auto Repairs & Real Estate - 28666

Business Type: automotive dealers/ auto retail,agents/brokers,auto repair,auto body/collision repair,misc. servicel/non-classifiable,best deals!,business with property available,new to market,seller financing available,auto/truck mechanical repair
Auto Repairs & Real Estate
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Financial Information (non-confidential)

General Information
Asking Price $1,100,000 Down Payment $1,100,000
Gross Revenues $350,000 Lease Remaining Register Free to View
Owner’s Cash Flow $234,000 Number of FT Employees Register Free to View

Financing

$1,100,000 Down and Plus $950,000 for Real Estate

Business Description

PROFITABLE INCOME- REAL ESTATE AVAILABLE WITH BUSINESS! Well-established auto center, repair shop & car dealer with used car permit. Seller rents bays, transmission shop, and car lot to tenants, as well as three rooms upstairs. This is a large, high-income business with a healthy rent roll. Seller only runs 2 bays himself. Real estate is available from PMTG Realty for an additional $950,000. For real estate- taxes are $50,000, yearly. Seller collects $144,000 in yearly rental income. Contact broker Jim Aloi for appointment. Business is $150,000, plus $950k real estate (total $1.1). Note- seller nets $234,000 after paying himself $42,000 for rent. So note, $234,000 net from rent income and profit combined, before mortgage payment. CALL BROKER AND AGENT JIM ALOI FOR MEETING!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.