Auto Collision

Auto Collision

Available

$498,000.00

Listing Number :

 3788

Status :

Available

Price :

$498000

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Area

7,831

Description

This location was Converted to a franchise Auto Collision and repair place a year and a half ago. First year Gross income over $800,000 and Net Income $239,000. the location is approx.+/- 7,831 sq.ft. with Rent @ $8,500/m. Lease is 10 years and the franchise agreement is 8.5 years. There are 2 paint booth, one booth is brand new the other all the mechanical and electrical wires are brand new but the shell of the paint booth is relatively aged. Payroll is $10,000/m. To qualify for this Franchise, no Automotive Experience necessary. $300,000 + net worth, @least $140,000 + liquid cash Franchise Royalty is 9%.

#3788

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased: 2018
Business Type: Auto Body Repair
License(s) Required: Business, Heath,
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: Yes
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3788
Date Available: 09/30/2019
Reason For Sale:
Annual Total Revenue: 800,000
Annual Net Income: 239,000
Inventory:
Monthly Payroll: 10,000/m
Lease Information
Base Rent: 8,500/m
Lease Expires: 2029
Lease Option:
NNN:
 
Financing Information
Down Payment: 498,000
Owner Will Carry:
Other Finance Terms:

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