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This full service automotive repair shop is located near a busy retail intersection with high traffic counts and visibility. Property layout includes 6 bays with 2 scissor lifts and 3 hoists, above ground and underground storage, owner/manager office and customer reception area. This business has loyal clientele who rely on the company to take care of all their auto care needs. There are 5-8 technicians on staff with 3 ASE certified technicians. One of the owners is a technician who may agree to stay on with the new owner with a 1 year contract. Business has named a "Best of Mankato" award for their service. Lease is $5,000/month through December 31, 2020 with another 3 year option to renew. Building owner will consider sale of property. All equipment and inventory (current value $38,000) is included in the sale price.
2 working owner (one manager and one technician) net cash flow = $237,000
1 manager owner hires out technician at $60,000, net cash flow - $177,000
Lease is $5,000/month through December 31, 2020 with another 3 year option to renew. Building owner will consider sale of property.
$60,000 (USD) per annum
Greater Mankato Area near busy retail intersection
Other business interests
7:30am - 5:30pm M-F
One of the owners is a technician who may agree to stay on with the new owner with a 1 year contract. Other owner is marketing manager and will provide up to 30 days training.
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