Auto Repair Property and Business, 27 Year In This Location

Business Opportunity for Sale
Catylist Listing ID: 30581653
Property Subtypes: Auto Related
Building Size (RSF): 3,447 SF
Sale Price: $995,000
Name of Establishment: Confidential
Year Business Established: 1993
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Sale Terms: Cash
Last Updated: 12/30/2020

Overview / Comments

Property and auto repair business available after 27 years of operation with original owner now ready to retire, with 3,447 SF building on .42 acres land the business has significant goodwill with repeat customer numbers evidencing this. This is a goldmine for the right operator with the possibility of adding other revenue streams as current owners have done in the past like the $50k/month in used car sales in the late 90’s and profitable U-Haul rental franchise, or other revenue streams that this flexible property with such a great location makes possible such as motorcycle rental, marine repair, concierge auto sales, mobile auto repair, equipment/trailer rental - the list is long. Parking lot is in great condition, roof is 2 years old, addition to original gas station built in 2006 to post-Charley standards but features 16’ OH doors that are no longer allowed to face Tamiami Trail in new construction. CORNER lot with excellent access makes this a rare property in Port Charlotte. ALL tools and equipment, alignment machine, lifts, etc. convey with exception of two personal toolboxes belonging to family. Seller’s son can help orient new owner and is willing to stay longer with suitable arrangements. Well-known existing business name can be used for two years. Environmental concerns from prior use as gas station addressed long ago. Financials available with NDA. Remember, even with a pandemic people need their automobile repaired! PLEASE DO NOT DISTURB – AGENT MUST ACCOMPANY FOR SHOWING – THIS IS AN ONGOING BUSINESS WITH CUSTOMERS COMING AND GOING.

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Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Industry Segment: Auto Body and Repair
Reason for Selling: Owner retiring, not interested in leasing building.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $100,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $700,000
Employee/Labor Description: Formerly had 4 techs, now owner and son operating business.
Mgmt/Training Support Description: Owner will help buyer get feet on ground initially and son can stay on to orient new owner and will consider staying with the right arrangements.
Growth/Expansion Opportunities: Ongoing business with significant repeat business and goodwill from 27 years operation in same location. Currently understaffed for size of facility and extensive equipment, all of which is owned outright. More techs will quickly ramp up cashflow. Advertising has been non-existent and all new business has been word of mouth in recent years, an advertising effort will yield positive results. There are other possibilities for additional income streams, such as U-Haul and used car sales that were quite profitable here in the late 1990s, or pick-up/delivery auto service, mobile service, paintless dent removal, etc...

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,648 46,179 84,314
Median Age: 56.13 52.2 52.35
Households: 3,392 21,241 38,249


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