Property Listing No Longer Available for Sale

52 Aquidneck Drive, Tiverton, RI

Others for Sale - $224,900 - 2,500 Sq. Ft.


Property Info

CIMLS#1087176
Location
  52 Aquidneck Drive
  Tiverton RI 02878
UpdatedJanuary 15th, 2021
TypeOthers
Price$224,900
Building2,500 Sq. Ft.

Property Description

This has been an ongoing business for approximately 30 years. The owner is retiring. The main franchise is the lifting equipment Franchise (Donkey) which is for all of New England and Eastern New York. This franchise can be expanded on to add to the bottom line and to expand the customization of heavy trucks at the shop. The business has 4 or 5 "handshake" franchises which have been favorable to both parties. A good portion of the work at the shop is on heavy to medium trucks with bed custom fitting and steel work. If your client is interested in the business, they can step in and continue as "under new management" in a seamless transition. Any buyer will like the Gross v. Net cash flow operations of this business. We have preliminary past three year cash flow numbers available for qualified buyers with the past three years of tax returns for the due diligence of contracted buyers. Call soon, this should sell fast! Rough indications show SALES = $650,000 / Cost of goods and services $400,000 / GROSS Income = $250,000 and the sale includes approximately $85,000 in assets/inventory. Exact & Detailed NOI & assets list for qualified buyers.


Financials


Similar Listings