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Auto Repair Business - Luxury Vehicle Repair Shop

Listing was updated on: 01/16/2020
Auto Repair Business - Luxury Vehicle Repair Shop

Property Overview

Price/Rent PSF $ 750,000.00
Asset Type Business for Sale
Trade Type Sale
SQ. FT. Available 5,535
Date Available 11/07/2019
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Description

*** PRICE REDUCTION! *** Was: $950,000 Now: $750,000 This independent dealer was established in 1988 to provide after warranty repair service and maintenance of Mercedes Benz vehicles to factory standards. The business has a proven history of profitability and the owner completed succession planning by hiring a Service/Shop Manager in 2017. Established as a top after warranty maintenance and repair service for more than 30 years. Facilities: - Presently occupying 5,535 sq. ft and could expand to 8,600 sq. ft in the owner-occupied building with a separate tenant on a 1.6 acre site in which it is located. Growth / Expansion: - Adding service and repair on other European imports - Adding the sale of pre-owned Mercedes Benz and other high-end imports - Adding tire sales - Adding vehicle detailing Asking Price: $750,000 Gross Revenue: $986,300 SDE Cash Flow: $248,000 Inventory Included: Yes Inventory Value: $85,000 Square Footage: 5,535 Is this a leased space? Yes Monthly Rent: $6,457 When does lease expire? Early 2020 with option to renew Years in Business: 1989 / 30 years Number of Employees: 8 (approx) Owner willing to train? Owner is willing to train. Reason for selling: Owner is retiring. For more information contact Business Finders Edmonton: (587) 882-3040 **Any images used for this posting may not be a representation of the actual Business or Property for sale** Keywords: mercedes benz repair business for sale, auto repair company, vehicle repair business for sale, high end car repair company, luxury vehicle repair shop

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