This is a well-established (20 years) business in the Olympia area on a major downtown street with great visibility. The current lease for the building & property is at $ 3400/month and extends through 2008. An extension of the lease at that time as the landlord is very cooperative.

The business currently employs 4 full-time mechanics and one part-time bookkeeper. One of the mechanics doubles as the Shop Manager, thereby allowing the owner of the business to remain offsite most of the time and still enjoy an great income from the business.

Gross annual sales for 2004 came in at $ 449,000. Total Net Operating Income to ownership, after payment of all expenses, was $ 75,000. These income numbers have been very stable over the past several years. Gross revenue could be increased substantially by remaining open on weekends, something the current owner chose not to do. If you have mechanics skills, then you could easily replace one of the current workers, thereby again to the overall profitability of the enterprise.

This great business is being offered for sale at $ 275,000. Included in the sale will be all inventory (~ $25,000) and all tools/equipment (~$100,000).

The business has enjoyed long-term contractual relationships with both GOODYEAR and DUNLOP authorizing the sale of their tire products onsite. There are only 3 authorized GOODYEAR outlets in the entire Olympia area at this time!

The owner may be willing to extend seller-financing to a well-qualified buyer who is able to bring a down-payment of $150,000 to the closing table.

Please call Washington Business Brokers for additional details and to arrange a tour of this very clean business.