Listing Number: 8455-457358
Less than 3 years old, this is a beautiful well maintained 10,931 sq.ft. facility. Located on a busy highway with great visibility. It is increasing its revenue at a double-digit pace while at the same time increasing its gross margin with plenty of growth ahead.
During the first months of 2018, the car count increased 18.9% and revenue per ticket increased 16.7% over the same period in 2017. In addition to the lube, mechanical and car wash services, they offer on-site and mobile detailing services.
The current owner is relocating to be closer to family. To assist a buyer, the owner is providing a flexible transaction structure and is willing to consider creative alternatives for the right party.
They are willing to retain the Real Estate to lower the Buyer’s initial financial outlay, leaving the purchaser responsible only for purchasing the equipment and operations for $1.295m. As part of the lease, the Buyer will have the option to purchase the real estate during the term of the lease which contains options for guaranteed lease extensions.
For a well qualified purchaser, there is an assumable note that covers approximately 80% of the purchase price.
Price: $1,295,000 FF&E: $960,000 (included in Price)
2018 Projected Revenues: $1,569,000
2018 SDE: $300,000
- Price: $1,295,000
- Down Payment: $260,000
- Sellers Discretionary Earnings: $300,000
- Total Sales: $1,569,000
- Location: Burnet County, Texas
- Inventory: $0
- FF&E: $960,000
- Reason for Selling: Owner moving out of state
- Category: Automotive