Indiana
Marion County
Listing Type: For Sale By Broker
Category: Automotive: Mechanic & Services
MLS #: SA700769
| Description: |
This is a great investment opportunity to own a lube business with property and an additional building for other revenue purposes. The current owners opened the business in June of 1997, operating both a lube store and a tunnel car wash. The lube itself has done well in previous years but business has been down the past couple of years due to road construction on the nearby interstate along with the downturn in the economy. This construction is nearing completion and the owners are already seeing signs of the lube business picking up. The tunnel car wash is no longer operating. A well known competitor built a tunnel car wash less than 2 miles away and despite several efforts to compete the owners were losing too much money so decided to close their car wash on September 1, 2006. The owners are open to various options for sale of the property. This includes a leaseback option of the lube store which would give the new owner instant income and the time to explore operating a new business in the car wash building or leasing the car wash building for one or multiple businesses. Another option the owners would consider is less cash for the business with an exchange for vacation property in Florida or a similar location. Real estate is included in the asking price. |
| Pricing Information |
| Asking Price: |
$650,000 |
FF & E: |
|
| Gross Revenue: |
$201,892 |
Lease/Rent: |
$0 |
| Cash Flow: |
$0 |
Inventory: |
$60,500 |
| Adjust Net Income: |
|
Real Estate: |
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| Monthly Payroll: |
|
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| About The Business |
| Style: |
Information not available. |
|
|
| Year Established: |
1997 |
Lease/Rent: |
$0 |
| Full Time Employees: |
4 |
Part Time Employees: |
3 |
| Size (square feet): |
|
Lot Size (acres): |
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| About The Sale |
| Reason for Selling: |
| retirement |
| Is Financing Available? |
| Yes |
| Is Owner Willing To Train/Assist New Owner? |
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| Is This a Home Based Business? |
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| Is This a Distressed Business or Bankruptcy Situation? |
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