Status: Under Contract
Naples Auto Service with Real Estate - Listing #: 55348
| Listing No: BBF-966-55348 | |
Public Pictures:  |
| Category | : | Automotive | Business Price | : | 1,000,000 | |
| Detail | : | Auto General Repair | Total Price w/R.E. | : | 2,900,000 | |
| County | : | Collier | Down | : | 450,000 | |
| State/Prov | : | Florida | Disc Earn | : | 363,639 | |
| Country | : | USA | Sales | : | 1,379,768 |
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This Naples service shop has been around since 2006. They specialize on AC service, Wheel alignment, transmissions, brake repair, steering issues and a lot more! They have a very loyal and experienced staff which includes a head mechanic who has been working for this business of 15 years. There are four other mechanics who have been there for up to 11 years and they all have enough talent to take on all jobs that come through the door. This property is located on state road with massive traffic and good signage. The main floor contains 4925 SF and there is a loft above used for storage and inventory. The building is a free standing Steel frame metal building, built in 1991. The property is just less that 1/2 acre. (18,800SF) There is a parking lot in the front and back that has 5100 SF for plenty of parking outside. |
| Reason for Sale | : | Retirement |
| General Location | : | Naples, FL |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
| : | Years Established: 33 Years Owned: 18 Emp FT: 7 Emp PT: 0 Mgrs: 1 | |
| Non Compete | : | Miles: 5 Years: 50 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs | : | Monday-Friday 7:30am - 5:00pm |
| Skills/Licenses | : | None |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: Y Should Qualify For Visa: Y |
| Data Source | Tax Return | Tax Return | Tax Return | |
| Year (Cash Flow) | 2023 (N) | 2022 (N) | 2021 (N) | |
| Gross Revenue | 1,379,768 | 1,185,298 | 1,214,406 | |
| Cost of Goods | 666,269 | 535,940 | 561,766 | |
| Gross Profit | 713,499 | 649,358 | 652,640 | |
| Expenses | 623,876 | 604,364 | 666,552 | |
| Net | 89,623 | 44,994 | -13,912 | |
| Owner Salary | 260,148 | 251,777 | 254,900 | |
| Benefits | 0 | 0 | 0 | |
| Interest Expense | 0 | 1,353 | 0 | |
| Depreciation | 121 | 121 | 121 | |
| Other | 13,747 | 13,626 | 13,670 | |
| Discretionary Earnings | 363,639 | 311,871 | 254,779 |
| Accounts Rec | 0 | N* | Real Estate | 1,900,000 | Y* |
| Inventory | 10,000 | Y* | ___________ | 0 | N* |
| F F & E | 120,000 | Y* | Total Assets | 2,030,000 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| Lease/Month: | Square Footage: 4925 | Building Type: Free Standing |
| Terms & Options: New long-term lease avail | Expiration Date: |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs | Down Payment and Financing |
| Purchase Price | 2,900,000 | Down Payment | 450,000 | |
| Working Capital | 100,000 | Loan/Assumable | 0 | |
| Loan Fees | 71,400 | Loan/Seller | 0 | |
| Closing Costs | 5,000 | Loan/Other | 2,626,400 | |
| Total | 3,076,400 | Total | 3,076,400 |
| Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Seller | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/SBA | - Amt: | 2,626,400 Mos: | 300 Rate: | 8.75 Mo Pmt: | 21,592.78 |
| JOSEPH ALTER | Office | : | (855) 969-3534 | |
| BROKER | Fax | : | ||
| Home | : | (239) 849-9334 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 849-9334 |
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
| NAPLES, FLORIDA 34105 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |