Well Established 64-Year-Old Auto Repair Facility

Fort Lauderdale, FL

Seller Financing Available

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Asking Price:$1,295,000
Gross Revenue:$1,801,778
Rent:$3,388/Month
Established Year:1960
Cash Flow:$482,163
Inventory:$5,000
FF&E:$55,000
BUSINESS DESCRIPTION

Profitable Auto Repair and Tire Shop in High Traffic Area

Extremely profitable and busy auto and fleet repair shop. The best in Ft. Lauderdale. Commercial accounts in place. Same location since 1961. Tenured employees - experienced staff in place. Over 4,800 vehicles are served per year. The Business has more than 11,000 clients in its data base. Repeat customers. The owner is not a mechanic. He runs the office and supervises/distributes daily work among his staff. One-stop shop for autos and trucks, offering everything from oil changes, custom tires and wheels, brakes, timing bells, radiators, injectors, A/A repairs and engine checks to steering and suspension parts. Owner’s SDE exceeds $480,000. Remarkable 4,6 Google Stars, social media accounts and website. Its loyal clientele has depended on its honest quality service for over 60 years. Amazing rent, well below market, expiring in 2036. Lender prequalified


DETAILED INFORMATION
Location
Fort Lauderdale, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,400
Lease Expiration
01/08/2036
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Free Standing Concrete Block Building
Financing
Loan/Other: 1,120,000 @9.75% for 120 months - 250,000 Down
Support & Training
2 weeks at no cost
Reason for Selling
Retirement
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JM
de los Rios
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JM de los Rios