Business and Real Estate - Mechanics Shop

818 N Kerth Ave, Evansville, IN

$599,999

Price

4,616 sqft

Building Size

0.34 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
4,616 sqft
Lot Area
0.34 acres
Occupancy
100%
Floors
1
Description

Spalding Auto Service has operated at this location for over 2 decades and is open 7 am-4 pm Monday through Friday. The current owner works in the business daily handling reception, scheduling, invoicing, etc, and is also a mechanic himself when time permits. He currently has 2 full-time experienced mechanics. This shop stays busy despite never having advertised and has a core group of repeat clients. They carry the tools and knowledgeable staff to be able to work on all makes and models of vehicles.

Although the original structure was built in 1944, in 2008 one section of the building was razed, and a 2,789 SF addition was constructed. The break room (672 SF) was completely renovated with a high-quality interior finish and restroom. At the same time, an older portion of the building with concrete block construction received new exterior and interior metal siding, new OH doors, new upgraded electric, LED lights, and new concrete.

The sale of the business is turn-key and includes all tools and equipment valued at approximately $165k. Tools and diagnostic equipment are mostly Snap-On brand. Notable equipment includes 5 Challender CL10V3 lifts and 1 Atlas Platinum PVL-15 lift rated at 15,000 lbs.

The business and real estate are available separately, and the Seller is willing to retain the real estate and lease it to the new business owner with an option to purchase in the future. The price for business alone is $315,000 and real estate is $285,000. The Seller is willing to remain as a consultant to assist the new owner for up to 6 months after the sale.

Financials are available with a signed confidentiality agreement.



Located 2 blocks west of US-41 north in an industrial area north of E Columbia St. Neighbors include Red Spot, Flanders, and Maley & Wertz.

Highlights
  • Turn-key business opportunity for someone with experience in the auto industry
  • Sale includes the business, all tools, and real estate
  • Revenue has grown over the last several years without advertising
Documents
Location
Gallery