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Automotive Service with Real Estate in SW Florida


 

Listing No: BBF-966-02164  
   Public Pictures:   
Category :  Automotive SIC :  7538  
Detail :  Auto General Repair Price :  2,895,000  
County :  Collier Down :  289,500  
State/Prov :  Florida Adj Net :  335,468  
Country :  USA Sales :  1,295,009  

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 available along with the real estate or a buyer can get a new long term lease instead.


 

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 :  [email protected]  
USA Home Page :  www.sunbeltnetwork.com/naples-fl  

 



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Background information

Reference:

NAPFL001-N64

Finance

Sales:

$1,295,009

Profits:

$328,857

Profit type:

Discretionary Earnings

Premises

Square footage:

10000

Price and terms

Price:

$2,895,000

Down payment:

$289,000