Auto Repair Garage
Location Florida,United States
Asking Price Range < $250K
Gross Revenues $325000
Net Profit / Cash Flow $104000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2014
Number of Employees 6 - 9
Inventory 18000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 30 Days at no cost to buyer
Reason for Sale Business was started to be sold
Description This full service garage located in Orange County Florida was opened on 8-4-14 and had sales of $ 196,000 in the first 3 months of business. The seller opened the business to sell it.
The business employs 4 full time and 2 part time employees. The purchase price includes $15,000 of equipment and $ 3,000 of inventory. The purchase price is $ 150,000 in cash at closing and an Earn out based on the first years sales of the new owner.
The earn out will be 18% of sales over $ 420,000 with a maximum amount of $ 150,000. The amount due will be converted to a 5 year note with interest of 7%. Payments will begin in the second year the buyer is in business.
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