Auto Service specializing in German cars
| Listing No: BBF-966-02164 | |
Public Pictures:  |
| Category | : | Automotive | SIC | : | 7538 | |
| Detail | : | Auto General Repair | Price | : | 1,000,000 | |
| County | : | Collier | Down | : | 289,500 | |
| State/Prov | : | Florida | Adj Net | : | 335,468 | |
| Country | : | USA | Sales | : | 1,295,009 |
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This well-established Auto repair shop specializes in German made Autos. The business has a superb online presence with almost perfect reviews which talk about the above-and-beyond customer service record that they have. The business is also available along with the real estate for the price of $2,895,000. If purchasing just the business alone a buyer can get a new long term lease. This business is SBA approved for purchase with or without the Real Estate included. |
| Data Source | Tax Return | Tax Return | Tax Return | |
| Year (Cash Flow) | 2019 (N) | 2018 (N) | 2017 (N) | |
| Gross Revenue | 1,295,009 | 1,294,768 | 1,260,002 | |
| Cost of Goods | 434,930 | 430,266 | 460,360 | |
| Gross Profit | 860,079 | 864,502 | 799,642 | |
| Expenses | 679,580 | 653,991 | 633,158 | |
| Net | 180,499 | 210,511 | 166,484 | |
| Owner Salary | 208,000 | 208,000 | 208,000 | |
| Benefits | -65,071 | -68,169 | -77,424 | |
| Interest Expense | 2,512 | 313 | 201 | |
| Depreciation | 9,528 | 1,681 | 616 | |
| Other | 0 | 0 | 0 | |
| Owner Benefit | 335,468 | 352,336 | 297,877 |
| Reason for Sale | : | Retirement |
| General Location | : | S.W. Florida |
| Organization Type | : | 'LLC' Hours Owner Works: 40 |
| : | Years Established: 10 Years Owned: 10 Emp FT: 6 Emp PT: 1 Mgrs: 1 | |
| Non Compete | : | Miles: 5 Years: 30 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs | : | Monday-Friday 8:00 - 6:00 |
| Skills/Licenses | : | None |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: N Should Qualify For Visa: Y |
| Accounts Rec | 0 | N* | Real Estate | 2,100,000 | Y* |
| Inventory | 100,000 | Y* | ___________ | 0 | N* |
| F F & E | 340,000 | Y* | Total Assets | 2,540,000 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| Lease/Month: 11300 | Square Footage: 10000 | Building Type: Industrial |
| Terms & Options: New long-term lease avail | Expiration Date: 9/17/2021 |
| Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Seller | - Amt: | 289,500 Mos: | 60 Rate: | 5.75 Mo Pmt: | 5,563.25 | |
| Loan/Other | - Amt: | 2,316,000 Mos: | 300 Rate: | 5.75 Mo Pmt: | 14,570.10 |
| JOSEPH ALTER | Office | : | (239) 849-9334 | |
| BROKER | Fax | : | (866) 985-8735 | |
| Home | : | (239) 849-9334 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 849-9334 |
| 3510 KRAFT ROAD | ||||
| NAPLES, FLORIDA 34109 | : | [email protected] | ||
| USA | Home Page | : | www.sunbeltnetwork.com/naples-fl |
Background information
Reference:
NAPFL001-N66
Finance
Sales:
$1,295,009
Profits:
$328,857
Profit type:
Discretionary Earnings
Price and terms
Price:
$1,000,000
Down payment:
$100,000