$949,950
Absolute Auto Care
Listing Type: Business Opportunity
Category: Service
Status: Available
CBA ID#: 680077
9707 Key Peninsula Hwy NW
Gig Harbor, WA 98329View Map
Commercial Property

Marketing Description:

Rare Opportunity To Own An Auto Repair Business Leased In A 6 Bay Auto Center That Has Been Thriving For Over 17 Years! Lease To Be Negotiated With Seller Currently Offered At $5,000 Per Month, Triple Net. 2.47-Acres. Fully Stocked Auto Repair Building. Business Includes A Vast Inventory Of Tools (See Attached List). Gross: $1,376,161. Net: $284,484. A 30% Cap Rate! Potential to Net Over $600K Yearly If Operated By A Family Of Mechanics Based On 2023 Numbers! Expand Business Hours To Increase Profit! Real Estate Is Also For Sale For $949,950 (Listing # 40116349) 6.3% CAP. Fenced Area For 50 Cars, Dual Drive-Through Entries, Wired Security, And More! Purchase Both Real Estate & Business Together For $1,899,900 (18% CAP!!). Ask About SBA Loan!

Listing Agent Remarks:
Showing By Appointment Only; 3 PM Or Later. No Drive By Or Showings During Business Hours. Listing Agent Must Be Present. Highly profitable business for 17+ years in a growing area. All equipment inventory and sellers tools included in the listing price. Room for expansion. Heat source is space heaters. Confidentiality Nondisclosure Agreement to be signed by selling broker for financials (Attached In Media Section). No signage per the owners request. Net Income Includes Owner Salary.

Use Discretion: No

Showing Instructions: Showing By Appointment Only; 3 PM Or Later. No Drive By Or Showings During Business Hours. Listing Agent Must Be Present.

Included in Price:

  • Real Property: No
  • Inventory Included: No
  • Fixtures/Equipment: Yes
  • Phone System: No
  • Trade Name: Yes
  • Excluded Items: No

Financials:

  • Operating Income: $1,376,161
  • Operating Expense: $1,091,677
  • Net Profit: $284,484
  • Docs With Offer: Yes
  • YTD Statement: Unknown

Seller Terms:

  • Seller Terms: No
  • All Cash: No

Property Features:

  • Catagory: Service
  • Includes Living Space: No

Business Features:

  • Ownership Type: LLC
  • FT Employees: 4
  • Year Established: 2007

Licenses:

  • Beer/Wine: No
  • Gambling: No
  • Professional: Unknown
  • Class H: Unknown
This Listing Supplied Courtesy of Real Estate 2000 Corp.
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
Equal Housing Opportunity