Seller Financing Profitable Auto Repair Shop For Sale

Business description

Well established auto repair facility located on a major thoroughfare in Wilmington, NC. Great visibility with easy access in a high traffic area. The owner works full time as a shop mechanic. Profitable, but can easily be taken to the next level.This is an excellent opportunity to become a business owner and be your own boss!. Seller is willing to finance a qualified buyer with the appropriate down payment.

Property information

Location:

The shop has 2 stalls with 1 lift. Current owner has been in business at this location for 25 years. The lease agreement is for a 1 year period and is renewed annually.

Size in square feet:

1,000

Business Operation

Expansion potential:

A new owner could expand services offered to all general auto and truck repairs including brakes, exhaust, tuneups, maintenance tire sales and inspection services. Add Quick Lube, evening, weekend, holiday and 24 hour emergency services to expand the business. High potential as current owner does not do any advertising!

Competition / Market:

There are other repair shops in the area.

Reasons for selling:

Owner wishes to move out of area & pursue other interests

Trading hours:

Monday-Friday 8am-5pm

Employees:

1FT

Years established:

25

Other information

Support & training:

Will train for 2 weeks @ no cost

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

$50k down/$75k for 60 mo @ 7%

Furniture / Fixtures value:

$10,000 (included in the asking price)

Inventory / Stock value:

$2,500 (included in the asking price)

Relocatable:

This business can be relocated.