Real Estate and Classic Car Restoration with Room to Grow!

Listing Number: 76931-134635

Description

This existing business offers classic American muscle car restoration services and is operated more as a passion business. While 2024 revenue and SDE business delivered $571,420 in sales and $72,076 in seller’s discretionary earnings (SDE), these results are down from prior years’ average of $733k in revenue and $148k SDE, which is a direct result by the owner being ready to retire, and not as much energy being put into the business. The sale includes all auto equipment, including lifts and tools, valued at approximately $50,000.
The real estate is ~5 acres with one 6,000 SF metal building constructed in 2018 that includes a service repair facility, 7 offices, a breakroom, and entry foyer. Already equipped with retention infrastructure, this property is ready for immediate development. With great highway access, the property is perfectly situated for a variety of commercial uses.
The main attraction of this opportunity is real estate, but there is significant upside for an experienced auto mechanic / operator to continue the classic car focus or transition to a more lucrative traditional mechanic shop. The seller is willing to debrand and remove signage, but keep existing processes, systems, furniture, fixtures & equipment (FFE) and employees in place at the discretion of the buyer.
Buyers need at least $400,000 cash down to qualify for financing and ensure smooth operations without relying on immediate income.
Business sale price: $295,000
Real estate: $1,600,000
Total acquisition cost: $1,895,000

Listing Details

• Price: $ 1,895,000
• Down Payment: $400,000
• Sellers Discretionary Earnings: $ 72,076
• Total Sales: $ 571,420
• Location: Harris County, Texas


• Inventory: $ 0
• FF&E: $ 50,000
• Employees: 8
• Year Established: 2012
• Reason for Selling: Retirement
• Category: Automotive