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Business for Sale Summary

Auto Repair Shop for sale in MD - 33923

Business Type: auto body/collision repair,auto/truck mechanical repair,automotive dealers/ auto retail,business with property available,auto repair
Owner Financing
Auto Repair Shop for sale in MD
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Financial Information (non-confidential)

General Information
Asking Price $845,000 Down Payment $422,500
Gross Revenues $690,226 Lease Remaining Register Free to View
Owner’s Cash Flow $246,130 Number of FT Employees Register Free to View

Financing

$422,500 Down and $422,500 financed at 8% over 8 years to a qualified buyer.

Business Description

Nestled on the corner of a popular busy area near I-695 in Baltimore, MD this 5,000 square foot business has multiple income streams in the auto service industry. The auto repair location has a customer data base of over 30,000 retail and commercial customers, containing three separate garages, with two auto services bays in each area, for a grand total of six (6) large bay auto service centers. Adjacent to the repair shop area is a clean and empty space that can be utilized as a new spray paint booth or auto detailing center for extra profits. The company location is ideal for a vehicle/auto body repair enthusiast. The owner also has an automated car wash with six vacuums next door on a separate lot adjacent to the auto repair shop. Both items can be purchased and converted for the use of an insurance company to review for vehicle adjustments, repair, clean, and prepare vehicles to be resold at auction. They can also be purchased as one and also utilized as an auto or truck rental care company for an individual owner or franchisee. The location also has additional profit streams listed to generate additional revenue -MD MVA certified inspection station, -MD MVA approved tag and title services, -Uhaul towing truck and equipment rental -Intoxalock Ignition Interlock services -List price for car wash operations and equipment: $495,0000. Monthly rent price is not included. Real estate is sold separately. List price for auto repair shop operations and equipment: $844,000. Monthly rent price is $7,000 per month. -List price for auto repair shop operations and equipment: $750,000. Monthly rent price is not included. Real estate is sold separately. *The auto repair lot and car wash lot areas are zoned approved for expansion and other use. They can be converted into the following options listed below A small, medium, or large convenience store with 4 to 6 fuel pump isles for the general public. There is also enough area and land for underground storage of fuel tanks. The owner is willing to sell the entire package for $4,000,000. Please call broker: Stephen Copeland at 972-876-2677 to schedule and arrange a visit. Only Registered Premium Buyers may schedule an actual visit to the disclosed location.

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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.