Listing Number: 76931-134635
Description
Reduced - Sellers Motivated
Reasonable offers will be considered on this business and commercial real estate opportunity. There is also potential for purchasing the real estate only, with additional development expansion in mind, alongside the existing purpose-built auto repair space.
Wow! What a fun business! If you love classic muscle cars, this is a must-see. 2023 proved to be the best year yet, offering a great opportunity to continue the business’s growth!
Business sale price: $475,000
Real estate: $1,500,000
Total acquisition cost: $1,975,000
SBA pre-qualified. Buyer must have a minimum equity injection of $400,000 and should not rely on the business for a livable wage if using the SBA financing route. The seller is only considering offers that include the real estate at this time. If the real estate is sold alone, the seller will wind down the business. The seller is ready to retire and travel the country!
This classic American muscle car restoration business boasts over ten years of proven expertise. With plans for future expansion, the business is positioned to thrive in the American classic car restoration and collection market.
Known for its excellent reputation, fair dealings, and high-quality work, this business is ideal for a new owner who wants to be hands-on in the shop, learn from the seller during an extended transition, and continue growing the business. It’s a perfect passion project for someone looking to leave the corporate grind and immerse themselves in creating automotive masterpieces while enjoying a profitable hobby.
Listing Details
- Price: $1,975,000
- Down Payment: $400,000
- Sellers Discretionary Earnings: $194,773
- Total Sales: $794,659
- Location: Harris County, Texas
- Inventory: $0
- FF&E: $50,000
- Employees: 8
- Year Established: 2012
- Reason for Selling: Retirement
- Category: Automotive
