Power Steering Component Rebuilder in Houston w/Real Estate
Listing: # 8267
Price: $ 174,500
Location: NW Houston
Listing Profile
| Classification: |
Auto-Related |
| Purchase Price: | $174,500 |
| Real Estate Price: | $520,000 |
| Working Capital: | $0 |
| Total Investment: | $694,500 |
| Down Payment Required: | $594,500 |
| Gross Revenue: | $125,688 |
| Discretionary Earnings: | $4,909 |
| Imputed Rent: | $48,000 |
| Total Cash Flow: | $52,909 |
Description and Operations
| Established Date: | 1988 |
| Monthly Rent: | $0 |
| Reason for Sale: | Retirement |
| Employees(Full): | 1 |
| Employees(P/T): | 0 |
Reason for Sale:
Retirement
Description:
his is a great opportunity for a mechanically skilled person setting out to own and build up their own automotive business. This power steering component rebuilder business has been in the family for 30 years. Over that period, power steering methods and technology have evolved from Hydraulic P/S Pumps, Gearboxes, Control Valves, & Cylinders to Hydraulic Rack & Pinions and now to Electric Power Steering (EPS). Throughout the industry’s evolution, the company’s technicians have developed and maintained their specialized expertise. Electronic Power Steering components presents the future growth opportunity however servicing component parts for earlier model vehicles represents the majority of current revenue. Additionally, automotive enthusiasts who restore or maintain much earlier models rely entirely on rebuilt steering components and the company is well known in that community for their expertise. The listing includes the property for sale. Situated in North Central Houston it sits on 1/3 acres and the total building is 5100 square feet comprised of shop, loading dock, offices and a 2-bedroom apartment above the facility.
Contact Hal Poel