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Auto Repair & Real Estate - Huntsville Area


This auto repair business is located between Huntsville and Conroe on a major State Hwy.  They operate from a 5,000 sq. ft. shop building with 5 bays and 4 lifts with one acre of land with frontage on a major State Hwy.  The company repairs and services cars and light trucks for individuals and commercial accounts, which make up approximately 25% of the business.  Services include major and minor vehicle repair, lube and oil changes, wheel alignment, breaks and shocks replacement, and AC servicing.  Their shop rate is $90 per hour.  They also do State Inspections for 25 to 30 vehicles per day.  New tire sales account for approximately 20% of the gross sales.  The business and real estate is owned by a real estate investor who has never operated the business.  There is an additional 2 acres of vacant land next to the subject property that can be acquired if needed.  


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Background information

Reference:

82441

Year established:

11-2013

Reason selling:

Absentee owner has other real estate investment interest.

Finance

Sales:

$500,000

Profits:

$60,000

Profit type:

Free Cash Flow

Operations

Employees:

9 Full Time

Equipment:

See list in file.

Inventory:

$15,000

Premises

Facility:

The shop building has an office, customer waiting area, and 5 shop bays with 4 lifts.

Square footage:

5,000 sq. ft. shop building

Rent and lease terms:

Owned

Location:

On major highway south of Huntsville and North or Conroe.

Opportunities

Growth:

Ample opportunity for growth for new owner operator that includes opening longer daily hours, and on Saturday, and adding body shop work.

Market:

The market area served is Conroe to Huntsville.

Price and terms

Price:

$678,000

Down payment:

$105,000

Financing:

With $105,000 cash down and a new SBA loan for $600,000 for 18 years at 7.5% interest for a monthly payment of $4,841.70.

Training:

As needed

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