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Businesses For Sale > Business For Sale in Charlotte, North Carolina (NC)
Auto Repair in Busy Charlotte Area for Purchase/Lease
Charlotte, North Carolina (NC)
| Asking Price: |
Gross: |
Cash Flow: |
| $559,000 |
$1,438,506 |
$175,000 |
Furniture and Fixtures Value:
$170,000 (included in the asking price)
Inventory Value:
$70,000 (not included in the asking price)
Real Estate:
$1,500,000 (not included in the asking price)
Business Summary:
This Auto Repair Business with Large Positive Cash Flow in Busy Area of Charlotte is available for purchase for $559,000 plus Inventory (valued @$70,000). The terms of the lease for the property/bldg would be $8500/mo with a long-term lease. The property/bldg can also be purchased for add'l $1.5 M. New equipment was recently purchased for $20,000, and is included in the total value of Furniture, Fixtures, & Equipment, $170,000 (included in the asking price). Excellent opportunity for new business owner to expand the services through advertising & hiring add'l employees, thus increasing the revenues. Current owner, who is retiring, has worked hard to establish large, solid customer base. The auto repair business has a great reputation in the area & is located in prime location on busy 4-lane hwy with businesses, retail stores, restaurants, banks, residential, etc nearby. Business is fully computerized & new equipment worth $20,000 was recently purchased. Certified technicians & skilled employees offer great customer service & help to ensure the customers continue to bring their vehicles into this auto repair. For more details, please download Confidentiality Agreement from website, www.bbotc.net, complete form & sign, then fax to our Charlotte office @704-545-7741.
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| Year
Business was Established: 1965 |
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| Number of Employees:
11 |
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| Facilities / Terms of Lease:
This auto repair business has multiple bays with large rollup doors & ample parking. Bldg has been remodeled & new equipment, valued @ $20,000 was recently purchased, & is included in the total FF&E value of $170,000, which is included in the asking price. This auto repair business can be purchased for $559,000 + Inventory ($70,000) while the property & bldg can be leased for $8500/mo with a long-term lease. Property can also be bought for additional $1.5 M. |
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| Potential
Growth/Expansion:
This very profitable auto repair business is located in prime location on busy 4-lane hwy. There are businesses, retail stores, restaurants, banks, residential, etc nearby. This area is experiencing growth, which should help to increase the already positive cash flow, thus making this a lucrative business to operate. Owner is retiring from this family-owned business. New owner could take this business to more profitable & busier level with advertising & add'l employees. New growth in the area will also contribute to the expansion of this auto repair. |
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| Competition:
While there are other auto repairs within a few miles, no other auto repair business offers such a large variety of services. Business is located on busy 4-lane hwy and is a great location for its services, with many businesses, retail stores, banks, restaurants, & residential nearby. |
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| Owner
willing to finance:
If real estate is included in purchase, owner may possibly finance small portion. |
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| Owner
willing to train:
Yes, owner is willing to provide training in order to ensure smooth transition. |
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| Reason for selling:
Owner is retiring. |
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Seller Reference Number: AR009-B
BusinessMart.com Listing Number: 46613 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Tonya Kerr
Business Brokers of the Carolinas, LLC
704-575-5418
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