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Business for Sale Summary

Galveston County Auto Repair Business - 33752

Business Type: auto body/collision repair,auto/truck mechanical repair,misc. servicel/non-classifiable,auto repair
Owner Financing
Galveston County Auto Repair Business
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Financial Information (non-confidential)

General Information
Asking Price $425,000 Down Payment $275,000
Gross Revenues $200,000 Lease Remaining Register Free to View
Owner’s Cash Flow $65,000 Number of FT Employees Register Free to View

Financing

$275,000 Down and 150,000 for 6 years at 4.5%

Business Description

This business is a one of a kind survivor. For the last 37 years this well known, professional, customer friendly auto repair business is an icon in the community. The business has weathered all kinds of ordeals to come out on the top each and every year. The current owner has spent a lifetime running the business and now wants to slow down and enjoy life more fully. The business has great signs on a very heavy traffic area and has grandfather clauses on existing signs that would otherwise have been taken down. Recently there has been approximately $14,000 spent on improving the electrical systems at this business. The business has four lift bays and 4,800 square feet of working area to include a nice office and employee break and rest area. The technicians here do all sorts of work on vehicles including minor auto body work. There isn't a mechanical problem they cannot fix. As with any business the Covid lock-down in March stunted sales for a few weeks, but now it has grown back to almost normal conditions with expectations to improve once the disease is squelched completely. This is a great transition business that could operate as an absentee owner or greater cash flow to the owner if it is worked. Don't miss this one. Register as a premium buyer today and release the address and take a look. You will not be disappointed.

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.