Description Asset sale of a profitable business. This auto repair shop has been in the same excellent location for 20 years, on US Hwy 1 in Cocoa, FL. It is a 2-bay, fully-equipped auto repair business and includes the commercial property. The 2 owners wish to retire. Although profitable, owner benefit is down approx 50% since 2009 due to no advertising & limited hours. Normal owner cash flow is approximately $32,000. This presents an excellent opportunity for a younger mechanic(s) looking to own and grow their own business. The potential is there!
The property (1,504 s.f. bldg on .38 acres fronting US 1) can be purchased without the business for $245,000 - a real bargain given the location!. It is suitable for other businesses including Quick Lube, Tire Store, miscellaneous retail, Rentals, etc. Total asking price for business & property is $318,492. The value of the auto repair physical assets is $73,492.