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Automotive Repair for Sale in Charlotte Area

Reference #: 30030960
Location: Charlotte Area
Price: $875,000
Amount Down: $145,000
Revenues: $549,533
Discretionary Earnings: $176,180
Total Assets: $585,000
Business Description:

This full service auto repair shop has been in business over 20 years and moved to its current location in 2005.  They perform all forms of general maintenance work and service nearly all makes and models of vehicles for both retail and fleet accounts.  This free standing facility is approximately 5,250 sq. ft., has 7 service bays (6 with above ground lifts), an office, a waiting area, parts and inventory rooms, and exxcess storage space.  Opportunities for expansion would include expanding hours, increased marketing programs, and adding additional services.  Real estate included.


Prequalified for an SBA loan.  Total project cost is $965,000 which includes $90,000 in working capital and estimated closing costs.  Total financed if $820,000 for 18 years and the monthly payment is $6,217.


Call Jay Offerdahl for details.


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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.