35W Auto Repair and Car Wash is an established 3-bay automotive service business offering general repair services along with a 4-bay self-service car wash. Located along a busy corridor with strong visibility, the business serves a steady base of repeat customers as well as passing traffic. The shop is fully equipped to support day-to-day operations and provides an opportunity for a hands-on owner-operator or investor seeking an automotive service business with multiple revenue streams. The total purchase price for the business and real estate is $1,400,000, consisting of $1,000,000 for the real estate and $400,000 for the business. The seller is offering financing on both portions of the purchase. Real estate terms include $800,000 seller carry at 6% interest amortized over 25 years with a 10-year balloon, resulting in an estimated $5,154 monthly payment. The business portion includes $200,000 seller carry at 10% interest amortized over 10 years with a 5-year balloon, resulting in an estimated $2,643 monthly payment. The business currently produces approximately $200,000 in Seller’s Discretionary Earnings (SDE) for an owner-operator, and this figure already accounts for the real estate payment. A buyer bringing $400,000 to closing would cover the required down payment and, after servicing the seller financing on the business portion, would have an estimated monthly SDE of approximately $14,000. This structure allows a buyer to acquire both the operating business and the underlying real estate while maintaining strong ongoing cash flow.

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First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.

Read First Choice Business Broker, Terms of Use before responding to any ad.

35W Auto Repair and Car Wash!

Location: Mounds View

35W Auto Repair and Car Wash is an established 3-bay automotive service business offering general repair services along with a 4-bay self-service car wash. Located along a busy corridor with strong visibility, the business serves a steady base of repeat customers as well as passing traffic. The shop is fully equipped to support day-to-day operations and provides an opportunity for a hands-on owner-operator or investor seeking an automotive service business with multiple revenue streams. The total purchase price for the business and real estate is $1,400,000, consisting of $1,000,000 for the real estate and $400,000 for the business. The seller is offering financing on both portions of the purchase. Real estate terms include $800,000 seller carry at 6% interest amortized over 25 years with a 10-year balloon, resulting in an estimated $5,154 monthly payment. The business portion includes $200,000 seller carry at 10% interest amortized over 10 years with a 5-year balloon, resulting in an estimated $2,643 monthly payment. The business currently produces approximately $200,000 in Seller’s Discretionary Earnings (SDE) for an owner-operator, and this figure already accounts for the real estate payment. A buyer bringing $400,000 to closing would cover the required down payment and, after servicing the seller financing on the business portion, would have an estimated monthly SDE of approximately $14,000. This structure allows a buyer to acquire both the operating business and the underlying real estate while maintaining strong ongoing cash flow.

Listing Number:

Category:

Joseph McKeown

Office:    |  Cell: (952) 356-9013

License #: 40913077

Financial Information:

Gross Revenue

$407,143

Listed Price:

$400,000

Lease Information:

Square Feet:

4152

Total Rent:

$0

Lease Expiration:

N/A

Lease Options:

N/A

Asset Information:

Leasehold Improvements:

$0

Equipment / Fixtures:

$75,000

Additional Information:

Full-Time Employees:

0

Part-Time Employees:

0

Training Period:

1 month

Reason for Selling:

Retirement

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.

Read First Choice Business Broker, Terms of Use before responding to any ad.