$495,000 SALE
Retail
3,900 SF
Mankato Area Auto Repair Business For Sale
North Mankato, MN 56003


INVESTMENT OPPORTUNITY: HWY AUTO CARE RETAIL


This full service automotive repair shop is located near a busy retail intersection with high traffic counts and visibility. Property layout includes 6 bays with 2 scissor lifts and 3 hoists, above ground and underground storage, owner/manager office and customer reception area. This business has loyal clientele who rely on the company to take care of all their auto care needs. There are 5-8 technicians on staff with 3 ASE certified technicians. Two working owners - one manager and one is a technician who may agree to stay on with the new owner with a 1 year contract. Business has named a "Best of Mankato" award for their service. Lease is $5,000/month through December 31, 2020 with another 3 year option to renew. Building owner will consider sale of property. All equipment and inventory (current value $38,000) is included in the sale price. Net cash flow = $237,000. One manager/owner hires out technician at $60,000, net cash flow $177,000.


Property Type Retail
Property Use Business for Sale
Renovated Year 2010
Level Number 1
Zoning Highway Commercial/Industrial
Listing ID PH8RN4
Style Retail - Auto/Vehicle
Building Size 3,900 SF
Lot Size 0.76 AC

Property Highlights

Turn Key Business - Over $1.3M in annual sales

Inventory Included (Not Real Estate, Lease in Place)

High Visibility and Traffic Counts

Area Description

Area Description: Greater Mankato area near busy intersection with restaurants and gas station.

Property Features
Water: City Water
Sewer: City
Lot Size: 1/2 - 1 Acre
Additional Media Area Demographics