Property Listing No Longer Available for Sale

No Address, North Mankato, MN

Retail for Sale - 3,900 Sq. Ft. on 0.76 acres


Property Info

CIMLS#1050281
Location
  
  North Mankato MN 56003
UpdatedApril 22nd, 2020
TypeRetail
PriceUpon Request
Building3,900 Sq. Ft.
Land0.76 acres

Property Description

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. Two working owners - one manager and one 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. Net cash flow = $237,000. One manager/owner hires out technician at $60,000, net cash flow $177,000.


Financials