Automotive repair, maintenance & restoration business with property (buildings and land) in high in

Listing ID:
OTTAWON001-N1398

Ottawa, Ontario, Canada

Automotive Repair and Maintenance

Listing Status: Active

Sunbelt of Ottawa

Phone: (613) 731-9140 or 1-800-905-3557
Fax: (613) 526-0997

The following broker is assigned to this listing:

Olga Nadjakova

olga.nadjakova@sunbeltcanada.com

Description

The shop is located in the one of the fastest growing in Ottawa residential areas and close to many dealerships as well as major parts stores. The land and building are meticulously maintained and included in the sale and has been appraised at $ 1,050,000 in February of 2019. The business specializes in collision repair and restoration of all makes and models of cars including classic automobiles and hot rods. It is also licensed to sell used cars at the premises. It established an enviable reputation in the vicinity of Ottawa for the past 37 years, by applying an honest and customer friendly approach to service and restoration of cars from many eras. The core personnel – are the four fully licensed mechanics employed in the shop and will continue to work under new ownership. There are many opportunities to expand and grow this business with new owner's expertise; Equipment - The business has extensive assets in equipment and tools and inventory, which are included in the sale. The current owner is motivated to sell as he wants to retire. Please contact Olga Nadjakova at: 613-799-7977, or via email: olga.nadjakova@sunbeltcanada.com for details.

Financials

Asking Price:$1,525,000
Revenue:$1,089,000
Cash Flow:$121,000
Downpayment:$0
Monthly Payroll:$0
FF&E Asking Price:$125,000 (Included in Asking Price)
Inventory Asking Price:$66,000 (Included in Asking Price)
Financing Available?No

Property

Asking Price:$1,050,000 (Included in Asking Price)
Building Size:8550 sq ft

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:1982
Year Acquired:
Full-Time Employees:9
Part-Time Employees:N/A
Reason For Sale:Retirement