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 Use||Business for Sale|
|Style||Retail - Auto/Vehicle|
|Building Size||3,900 SF|
|Lot Size||0.76 AC|
Turn Key Business - Over $1.3M in annual sales
Inventory Included (Not Real Estate, Lease in Place)
High Visibility and Traffic CountsArea Description
Area Description: Greater Mankato area near busy intersection with restaurants and gas station.
|Lot Size:||1/2 - 1 Acre|