Catylist ID:
#30473902
| Catylist Listing ID: | 30473902 |
| Property Subtypes: | Auto Related |
| Building Size (RSF): | 2,400 SF |
| Sale Price: | $1,650,000 |
| In Opportunity Zone? | Yes |
| Name of Establishment: | Discount Muffler & Brakes |
| Year Business Established: | 2005 |
| Gross Revenue: | $550,000 (Annual) |
| Cash Flow: | $225,000 (Annual) |
| Cash Flow Type: | Sellers Discretionary Earnings |
| Sale Terms: | Cash @ Closing, Possible terms |
| Last Updated: | 7/16/2021 |
Overview / Comments
|
A recession Proof Business! Harder Times, Make use of auto longer! Most Visible Corner in all Bay County,100,000 Cars/ Day. Auto repair, more than 20,000 customers in their data base, completely equipped. Great Cash flow, Competent Employees, $30,000 Inventory, Good Parking! Primarily, Repairs: Brake, Mufflers, Shocks. Cash Flow could be doubled if expanded to include Engine Repair. |
Additional Details
| Nearest MSA: | Bay City |
| County: | Bay |
| Industry Segment: | Other Auto Related |
| Reason for Selling: | Retirement |
| Value of Inventory Included ($): | $30,000 |
| Value of Furniture, Fixtures, and Equipment ($): | $50,000 |
| Real Estate Status: | Real Property |
| Value of Real Estate Included ($): | $800,000 |
| Real Estate Lease Description: | Most Highly Visible Corner in all Bay County, on M-13 @ Midland St. Good Building Layout! 4 Open Bays. |
| Part of Planned Development?: | Yes |
| Employee/Labor Description: | several full time & part time. |
| Mgmt/Training Support Description: | 3 Months Available for Training. |
| Competition/Market Description: | Finest Visibility, N.E. Corner Of Euclid (M-13) @ Midland Rd. Over 100,000 Car/ day in that area. Easy access to I-75, US-10, M-25 On M-13. |
| Growth/Expansion Opportunities: | A Master Mechanic could expand to Engine repair |
| Seller Financing Description: | Possible to Lease the Property & Purchase The Business. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,183 | 54,799 | 73,861 |
| Median Age: | 38.08 | 39.95 | 41.01 |
| Households: | 4,339 | 22,978 | 31,070 |
Contact
Henry JohnsonHenry Johnson Real Estate & Leasing CompanyCPIX Member |
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