Auto Body Shop (RE Available)

Inventory

$3,500

Internal Id

RaptID5593

Real Estate

$1,850,000

Financing Notes

The business can be acquired at a price of $725,000 (Option A), with a typical 5/5 triple net lease at $12,000 per month for a 10-year period with normal escalators (5/5-adjusted after 5 years to reflect market rate). The sellers are willing to hold a note for 7 years at 6% interest to a qualified buyer (in their sole discretion, on a case by case basis) with a minimum down payment of $250,000. Ownership is also willing to consider the sale of the business & RE (Option B) for a price of $2.575MM. The sellers are willing to hold a note of $2,000,000 ($575,000 down payment) at 6% interest amortized over 20 years with a 10-year balloon, to a qualified buyer, in their sole discretion.

Growth & Expansion

The business is presently open only five (5) days a week, from Monday to Friday. A more aggressive owner could increase business by oncreasing the operating hours and opening on Saturdays.

Inventory Included

Yes

Support & Training

Owner will remain for sufficient period to transition business.

Number Of Employees

7

Real Estate Included

No

Reason for Selling

Owner has reasched retrement age.