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.
Listed By: Jeffrey Jones
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