Summary
SOLD General and High End Exotic Auto Repair Shop
Owner does not work on vehicles himself. General & high-end exotic auto repair shop, extremely centrally located. Rare to market, includes Real Estate which is approved for automotive repair, valued approximately at $1m. 50% of the work done is servicing Porsche, Rolls Royce, Mclaren, Ferrari, Lamborghini, and many more exotic vehicles on a daily basis. The other 50% of works is general repair services, and business is increasing on a daily basis with practically zero advertising. Highly rated and reviewed on Yelp, Google, & more. Building has 15 bays, currently has a tenant leasing 3 bays from owners. 2021 has been a very strong year.
Building total Square footage is 6,800.
A new owner that acquires as cash buyers could add back total rent paid by the Automotive Shop and the additional tenant, currently below market (approximately $60,000 yearly total - $19,200 already in bottom line below).
Current owner may consider partnership - inquire for details.
Detailed Information
Sub-Category:
Auto Repair
County:
Broward
Employees:
7 - Full-Time, 1 - Part-Time
Facilities:
Autoshop building with 15 bays
Relocatable:
No
Home Based:
No
Market Notes:
The demand for high end quality workmanship for exotic cars is increasing.
Growth Notes:
Additional revenue sources from the rental agreements with existing tenants.
More aggressive advertising.
Support Training:
2 weeks
Financing Terms:
tbd
Reason for Selling:
Inquire with broker
Inventory Included:
No
Is Franchise:
No
Lender Prequalified:
No
Absentee Owner:
No
Selling Financing:
No
Is FEE Included:
Yes