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Listing ID  7023
Broker  Hill, Seabern
Category  Auto & Mech: Repair
County  Montgomery County
State  MD
Summary  Amazing opportunity to own an excellent Auto Repair shop, 9 bays, located in Silver Springs MD... on a major road... great location. For more information on this opportunity call today. Owner Financing Available
Asking Price  $150,000.00
Revenues  $611,708.00
Cash Flow  $60,000.00
Asking Price Notes  $150k
Revenue Notes  2017 - $611,708; 2016 - $705,479; 2015 - $732,500
Lease  8 years with one 5 year option
Lease Notes  2018 rent is $6952.50 base (3% increases annually) Real Estate taxes $808 and Prorated CAM $1514.86 for a total of $9275.36/month. Subleased 2 bays in the back building selling used tires is paying us $3000/month rent. They could be removed if necessary, but at $6,275/month for 7 bays it makes the rent cheap
Reason for Selling  Retirement
Number of Employees  1 manager/service writer; 3 full time techs; 1 p/t lube tech
Parking  Ample
Hours  8-6 M-F 8-4 Saturday Closed Sunday
Building Size  5,125 sq feet between the two buildings;
Building Size Notes  9 bays; 5 in front building and 4 in rear building

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