Making $225,000 Net Income
This well-established Automotive Shop has been in business since 1988. The owner has been very successful in his shop and claims that he has made good money through the years and is finally ready to retire and travel the world!
The repair shop is on a 2,200 sqft. space with a Base Rent of $4,414/m There is one more year left on the lease and the landlord is willing to give a good lease with options to any qualified buyer/investor. there is one full-time employee with a monthly payroll of $4,900. There are 3 x Bays and 3 x Lifts above the ground. The owner claims his Net Annual Income is about $225,000 without any employees. The owner claims that by hiring a lead technician, the business can become owner absentee and the Net Income will still be about $125,000.