For Sale
Established & Profitable Auto Repair Shop
SELLER FINANACING. 1ST MORTGAGE FINANCING AVAILABLE WITH GOOD CREDIT & CASH DOWN PAYMENT, & EXPERIENCE. 3 YEAR TERM TO ALLOW REFINANCING WHEN INTEREST RATES ARE LOW, AND ALLOW BUYER TO INCREASE THE BUSINESS. NO BANK FEES OR LONG PROCESS.
GP AUTO-TECH CENTER IN PORTLAND / CORPUS CHRISTI TEXAS IS AN ESTABLISHED & PROFITABLE 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, 8 MILES-10 MINUTES TO CORPUS CHRISTI ACROSS THE BAY BRIDGE.
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.
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 BUYER CHOOSES TO CHANGE THE EXISTING USE, SUBJECT TO THE LAND DEVELOPMENT CODE.
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 WITH GROWING ANNUAL REVENUE & PROFIT SINCE INCEPTION. 2023 YTD MAY REVENUE UP 31% VS. 2022. ALL METRICS ARE UP YTD MAY 2023. EXCELLENT VALUE ADD OPPORTUNITY TO GROW THE EXISTING BUSINESS. THE REPAIR LABOR RATE IS BELOW MARKET AT $110/HOUR COMPARED TO OTHER REPAIR SHOPS AT MUCH HIGHER RATE/HOUR OF $140-160. ADDITIONALLY, THE BUSINESS DOES NOT OPERATE ON SATURDAYS, TYPICALLY A BUSY DAY FOR AUTO REPAIR CUSTOMERS. NO MARKETING HAS EVER BEEN IMPLEMENTED OFFERING FURTHER REVENUE GROWTH. REVENUE PROJECTION FOR 2024-2025 IS $1,150,000-$1,200,000. NOI OF $275,000 TO $300,000.
THE BUSINESS IS UNDERUTILIZED AND UNDER-MANAGED, OFFERING GREAT UPSIDE FOR GROWTH FOR A COMPETENT OWNER.
POSSIBILTIES TO GROW THE BUSINESS INCLUDE BETTER MANAGEMENT, NATIONAL FRANCHISE PLACEMENT, COST CONTROL, MARKETING. BUILDING AN ADDITION TO ADD MORE REPAIR SERVICES CAPACITY, CAR WASH, DETAIL, TOWING, RETAIL SALES, FLEET SALES. NEW OWNER COULD POSSIBLY RETROFIT THE PROPERTY INTO A MAJOR FRANCHISE AUTO REPAIR BUSINESS OR RENTAL CAR AGENCY, OR CHANGE THE USE TO RETAIL OR OFFICE, PLUMBING/ELECTRICAL/HVAC SERVICE CONTRACTOR (SUBJECT TO THE LAND DEVELOPMENT CODE). MARKETING.
GP AUTO-TECH CENTER IN PORTLAND / CORPUS CHRISTI TEXAS IS AN ESTABLISHED & PROFITABLE 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, 8 MILES-10 MINUTES TO CORPUS CHRISTI ACROSS THE BAY BRIDGE.
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.
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 BUYER CHOOSES TO CHANGE THE EXISTING USE, SUBJECT TO THE LAND DEVELOPMENT CODE.
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 WITH GROWING ANNUAL REVENUE & PROFIT SINCE INCEPTION. 2023 YTD MAY REVENUE UP 31% VS. 2022. ALL METRICS ARE UP YTD MAY 2023. EXCELLENT VALUE ADD OPPORTUNITY TO GROW THE EXISTING BUSINESS. THE REPAIR LABOR RATE IS BELOW MARKET AT $110/HOUR COMPARED TO OTHER REPAIR SHOPS AT MUCH HIGHER RATE/HOUR OF $140-160. ADDITIONALLY, THE BUSINESS DOES NOT OPERATE ON SATURDAYS, TYPICALLY A BUSY DAY FOR AUTO REPAIR CUSTOMERS. NO MARKETING HAS EVER BEEN IMPLEMENTED OFFERING FURTHER REVENUE GROWTH. REVENUE PROJECTION FOR 2024-2025 IS $1,150,000-$1,200,000. NOI OF $275,000 TO $300,000.
THE BUSINESS IS UNDERUTILIZED AND UNDER-MANAGED, OFFERING GREAT UPSIDE FOR GROWTH FOR A COMPETENT OWNER.
POSSIBILTIES TO GROW THE BUSINESS INCLUDE BETTER MANAGEMENT, NATIONAL FRANCHISE PLACEMENT, COST CONTROL, MARKETING. BUILDING AN ADDITION TO ADD MORE REPAIR SERVICES CAPACITY, CAR WASH, DETAIL, TOWING, RETAIL SALES, FLEET SALES. NEW OWNER COULD POSSIBLY RETROFIT THE PROPERTY INTO A MAJOR FRANCHISE AUTO REPAIR BUSINESS OR RENTAL CAR AGENCY, OR CHANGE THE USE TO RETAIL OR OFFICE, PLUMBING/ELECTRICAL/HVAC SERVICE CONTRACTOR (SUBJECT TO THE LAND DEVELOPMENT CODE). MARKETING.
Additional Notes:
SELLER FINANCING AVAILABLE FOR 3 YEAR TERM. THIS WILL ALLOW BUYER TO REFINANCE THE LOAN WHEN INTEREST RATES ARE LOWER. NO LOAN FEES. QUICKER CLOSE, NO HASSLE PROCESS THAN A BANK.
OWNER, BANK & SBA FINANCING AVAILABLE WITH GOOD CREDIT AND EXPERIENCE. BROKER CAN ASSIST WITH FINANCING.
PLEASE ARRANGE A SHOWING WITH JAY WEIR, EXCLUSIVE BROKER. DO NOT CONTACT THE PROPERTY OR EMPLOYEES. OWNER REQUIRES STRICT CONFIDENTIALITY. THANK YOU!
SELLER FINANCING AVAILABLE FOR 3 YEAR TERM. THIS WILL ALLOW BUYER TO REFINANCE THE LOAN WHEN INTEREST RATES ARE LOWER. NO LOAN FEES. QUICKER CLOSE, NO HASSLE PROCESS THAN A BANK.
OWNER, BANK & SBA FINANCING AVAILABLE WITH GOOD CREDIT AND EXPERIENCE. BROKER CAN ASSIST WITH FINANCING.
PLEASE ARRANGE A SHOWING WITH JAY WEIR, EXCLUSIVE BROKER. DO NOT CONTACT THE PROPERTY OR EMPLOYEES. OWNER REQUIRES STRICT CONFIDENTIALITY. THANK YOU!
For further details:
CONTACT JAY WEIR, EXCLUSIVE BROKER 512-423-4421 email: [email protected]
CONTACT JAY WEIR, EXCLUSIVE BROKER 512-423-4421 email: [email protected]
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to error omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions, imposed by our principals.