GP AUTO-TECH CENTER-PORTLAND / CORPUS CHRISTI TX
PROFITABLE AUTO REPAIR BUSINESS-CORPUS CHRISTI / PORTLAND TX
Marketing description
OWNER FINANCING POSSIBLE TO QUALIFIED BUYERS. CALL JAY WEIR BROKER- 512.423.4421 FOR INFO. MOTIVATED RETIRING SELLER. PRICE REDUCED $200,000 to $1,550,000.
1ST MORTGAGE OWNER FINANCING POSSIBLE WITH GOOD CREDIT & CASH DOWN PAYMENT, & EXPERIENCE. NEGOTIABLE TERMS TO ALLOW REFINANCING WHEN INTEREST RATES ARE LOWER, AND ALLOW BUYER TO INCREASE THE BUSINESS. NO BANK FEES OR LONG UNDERWRITING PROCESS. BANK FINANCING ENTIRE PURCHASE IF BUYER PREFERS.
GP AUTO-TECH CENTER IN PORTLAND / CORPUS CHRISTI TEXAS IS AN ESTABLISHED AUTO REPAIR SHOP. THE BUILDING & BUSINESS WERE BUILT & ESTABLISED IN 2002 BY THE EXISTING OWNER, AND INCLUDES THE REAL ESTATE. PORTLAND IS PART OF THE CORPUS CHRISTI METRO AREA ON THE TEXAS GULF COASTAL BEND, 4 MILES TO CORPUS CHRISTI ACROSS THE BAY BRIDGE
EXCELLENT LOCATION WITH EASY ACCESS FROM THE MAJOR INTERSECTION OF US HIGHWAY 181 & WILDCAT DRIVE, PROVIDING ACCESS TO THE PROPERTY FROM ALL DIRECTIONS. ADDITIONAL ACCESS TO US HIGHWAY 181 FRONTAGE ROAD VIA A RECORDED ADJACENT REAR ACCESS EASEMENT.
LOCATION IS EXCELLENT. IMMEDIATE AREA IS DENSE COMMERCIAL USE INCLUDING BIG BOX RETAIL, HEB GROCERY, RETAIL STRIP CENTERS, HOTELS, GAS/CV STORES, RESTAURANTS. DENSE RESIDENTIAL USES SURROUND THE LOCATION WITH SINGLE FAMILY RESIDENTIAL SUBDIVISIONS AND APARTMENTS ON BOTH SIDE OF US HWY 181. EXXON GAS/CV STORE NEXT DOOR, PORTLAND BAPTIST CHURCH ACROSS THE STREET. EXCELLENT MARKET AREA WITH HEAVY VEHICULAR TRAFFIC FROM US HIGHWAY 181 & WILDCAT DRIVE.
SUCCESSFUL AUTO REPAIR SHOP BUSINESS SINCE INCEPTION . EXCELLENT VALUE ADD OPPORTUNITY TO GROW THE EXISTING BUSINESS. UNDER-MAMAGED AND UNDER STAFFED. NEEDS ADDITIONAL MECHANICS FOR THE LARGE REPAIR JOBS. THE REPAIR LABOR RATE WAS INCREASED THIS YEAR FROM $110 TO $140. THE SHOP IS CLOSED ON SATURDAYS. NO SALES, MARKETING OR ADVERTISING HAS EVER BEEN UTILIZED. REALISTIC GROSS REVENUE TARGET POTENTIAL WITHIN 2 YEARS OF $1,250,000. NEEDS BETTER FOCUSED MANAGEMENT.
THE BUSINESS IS UNDERMANAGED, AND UNDERSTAFFED WITH MECHANICS WHO CAN PERFORM MORE HIGH TICKET REPAIRS.
POTENTIAL TO GROW THE BUSINESS INCLUDE BETTER MANAGEMENT, HANDS ON OWNER. ADDING ADDITIONAL MECHANICS FOR HIGH TICKET REPAIRS, COST CONTROL, ADVERTISING & MARKETING, FLEET SALES. BUSINESS HAS RELIED SOLELY ON REPEAT CUSTOMERS WITH NO PROGRAMS TO INCREASE THE CUSTOMER BASE.
REAL ESTATE IS INCLUDED. THE LAND IS .613 ACRE (26,571 SQUARE FEET) OF OWNED LAND, ZONED C-G “GENERAL COMMERCIAL” DISTRICT BY CITY OF PORTLAND. ZONING ALLOWS FOR MANY COMMERCIAL USES IF A FUTURE BUYER CHOOSES TO CHANGE THE EXISTING USE, SUBJECT TO THE LAND DEVELOPMENT CODE.
THE BUILDING IS 4,500 S.F WITH 8 BAYS (4 IN FRONT, 4 IN BACK) WITH 7 LIFTS, ALIGNMENT MACHINE AND OTHER SERVICE EQUIPMENT. OFFICE RECEPTION COUNTER/CUSTOMER WAITING AREA, GM OFFICE, RESTROOM, UPPER FLOOR STORAGE ROOM. THE BUILDING WAS CONSTRUCTED AND BUSINESS ESTABLISHED IN 2002. BUILDING IS A METAL WAREHOUSE STRUCTURE WITH STEEL BEAMS ON CONCRETE SLAB. 2 STORY CLEAR HEIGHT. AMPLE CONCRETE PARKING AREA ON 3 SIDES OF BUILDING.
SERVICES INCLUDE A WIDE VARIETY OF AUTO REPAIR SERVICES, TIRES, AND STATE INSPECTIONS. ESTABLISHED PARTS VENDORS IN PLACE. LONG TERM LOYAL REPEAT CUSTOMERS. TURN KEY OPERATION.
ORIGINAL FAMILY OWNED BUSINESS SINCE OPENING IN 2002. SELLER IS RETIRED AND DESIRES A SALE OF THE PROPERTY IN THE NEAR TERM.
WE WELCOME YOUR INTEREST.
SELLER FINANCING POSSIBLE TO QUALIFIED BUYER- NEGOTIABLE TERMS. THIS WILL ALLOW BUYER TO INCREASE REVENUE /PROFIT AND REFINANCE THE LOAN WHEN INTEREST RATES ARE LOWER. NO LOAN FEES, QUICKER CLOSE, NO BANK INVOLVEMENT. NEW BANK LOAN OK IF BUYER PREFERS.
PLEASE ARRANGE A SHOWING WITH JAY WEIR, EXCLUSIVE BROKER. DO NOT CONTACT THE PROPERTY OR EMPLOYEES. OWNER REQUIRES STRICT CONFIDENTIALITY. THANK YOU!
CONTACT JAY WEIR, EXCLUSIVE BROKER 512-423-4421 email: [email protected]
Investment highlights
- SELLER 1ST MORTGAGE FINANCING POSSIBLE TO QUALIFIED BUYERS WITH GOOD CREDIT & CASH DOWN & EXPERIENCE.
- WELL LOCATED ESTABLISHED AUTO REPAIR BUSINESS.
- ORIGINAL OWNER SINCE OPENING IN 2002. LOYAL CUSTOMER BASE. BUSY OPERATION. LONG TERM REPEAT CUSTOMERS.
- SOLID METAL BUILDING W/ STEEL BEAMS BUILT 2002. 8 BAYS. HIGH CLEAR HEIGHT.
- GOOD HISTORY OF ANNUAL REVENUE & PROFIT, WITH OPPORTUNITY TO FURTHER INCREASE REVENUE WITH FOCUSED MANAGEMENT, FACILITY IMPROVEMENTS, MARKETING, OPENING ON WEEKENDS, RAISING THE LABOR RATE, FLEET SALES.
- GREAT COMMERCIAL RETAIL LOCATION AT US HIGHWAY 181 & WILDCAT DRIVE. MAJOR HIGH TRAFFIC COUNT AREA. GREAT ACCESS & GOOD VISIBILITY. ACCESS TO US 181 VIA A DRIVEWAY EASEMENT,
- LOCATED NEAR DENSE COMMERCIAL RETAIL USES AND SEVERAL HOUSING DEVELOPMENTS ON BOTH SIDES OF US HIGHWAY 181 .
- REAL ESTATE IS INCLUDED. VERY GOOD COMMERCIAL LOCATION W/ HIGH TRAFFIC COUNT, GOOD ACCESS AND VISIBILITY. UPSIDE FOR FUTURE INCREASE IN REAL ESTATE VALUE. NO LANDLORD.
- FURTHER POTENTIAL POSSIBLE WITH SATURDAYS OPEN, INCREASING THE LABOR RATE WHICH IS PRESENTLY BELOW THE COMPETITION. SHOP NEEDS MORE ATTENTIVE FOCUSED MANAGEMENT & MARKETING. SUCCESSFUL BUSINESS FOR 24 YEARS WITH LOYAL REPEAT CUSTOMERS. GOOD RETURN ON CASH INVESTMENT.
- VEHICLE OWNERS ARE CHOOSING TO KEEP THEIR CARS RATHER THAN BUY NEW, INCREASING DEMAND FOR REPAIRS. THE UNAFFORDABILITY OF VEHICLE PURCHASES WILL EXTEND THE TIME CONSUMERS KEEP THEIR VEHICLES.
- ORIGINAL OWNER RETIRING AFTER 25
- YEARS IN BUSINESS.
- OWNER FINANCING POSSIBLE WITH GOOD CREDIT AND EXPERIENCE. BROKER CAN ASSIST WITH SOURCING FINANCING.
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