Iconic Palm Beach County Auto Repair Facility
Palm Beach County, Florida
| Asking Price: |
Gross: |
Cash Flow: |
| $500,000 |
$1,173,453 |
$239,884 |
Furniture and Fixtures Value:
$165,000 (included in the asking price)
Inventory Value:
$7,500 (included in the asking price)
Business Summary:
Iconic Palm Beach County general auto repair facility. Situated on a major east-west corridor with FDOT 2021 daily traffic count of 48,000. Free standing building with six full bays and lifts. All equipment and inventory included in this turnkey facility which has been under the same management for almost 40 years. Employees include General Manager, Service Writer, and a professional staff with several long tenured ASE-certified techs. This shop is NOT open on Saturday or Sunday. One of the cleanest general auto repair shops and best run facilities in south FL. All employees are W2, 100% CPA prepared financials. No stories, no excuses and no ”owner to prove” income. Below market rent with lease and options for 15 more years. Excellent mix of local retail customers and long-term municipal/state fleet accounts. Stated financials have been annualized from 5-31-22. True seller retirement sale and the shop that sets the standard for all others in the area. Buyer’s BIO and Proof of Funds are required before disclosure. Please refer to listing #0101985157 & ask for Randy Bring when inquiring.
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| Year
Business was Established: 1982 |
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| Number of Employees:
5FT/3PT/1MGR |
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| Facilities / Terms of Lease:
4888 SF Freestanding building @ $7,500/mo. |
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| Potential
Growth/Expansion:
Unlimited |
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| Competition:
Unknown |
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| Owner
willing to finance:
$50K @ 6% for 36 mos= $1,521.10/mo. |
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| Owner
willing to train:
Seller will train for 2 weeks |
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| Reason for selling:
Retirement |
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| REQUEST MORE INFO |
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