Hot Listing
35W Auto Repair and Car Wash!
Business Description
35W Auto Repair and Car Wash is an established 3-bay automotive service business offering general repair services along with a 4-bay self-service car wash. Located along a busy corridor with strong visibility, the business serves a steady base of repeat customers as well as passing traffic. The shop is fully equipped to support day-to-day operations and provides an opportunity for a hands-on owner-operator or investor seeking an automotive service business with multiple revenue streams. The total purchase price for the business and real estate is $1,400,000, consisting of $1,000,000 for the real estate and $400,000 for the business. The seller is offering financing on both portions of the purchase. Real estate terms include $800,000 seller carry at 6% interest amortized over 25 years with a 10-year balloon, resulting in an estimated $5,154 monthly payment. The business portion includes $200,000 seller carry at 10% interest amortized over 10 years with a 5-year balloon, resulting in an estimated $2,643 monthly payment. The business currently produces approximately $200,000 in Seller’s Discretionary Earnings (SDE) for an owner-operator, and this figure already accounts for the real estate payment. A buyer bringing $400,000 to closing would cover the required down payment and, after servicing the seller financing on the business portion, would have an estimated monthly SDE of approximately $14,000. This structure allows a buyer to acquire both the operating business and the underlying real estate while maintaining strong ongoing cash flow. For additional information please contact listing agent Joseph McKeown at 952-356-9013 or joseph.mckeown@fcbb.com.
About the Business
- Years in Operation
- 24
- Facilities & Assets
- Real Estate of $1,000,000 is included in the asking price. The seller is active in the business. Hours of operation are Monday-Thursday 8-6pm, Friday 8-4pm. $75,000 in FF&E included in the asking price.
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- 1 Month
- Financing Options
- Contact Agent for more information
Listing Info
- ID
- 2422118
- Listing Views
- 1258
Listing ID: 2422118 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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