This 12-bay, 8 lift, full-service auto repair shop serves upper-middle-income communities in an active growing area north of Houston that's poised for explosive growth. It's within a few miles of the future Grand Texas Theme Park currently under construction and scheduled to open in 2019.  Grand Texas is a destination development and will be Houston area's largest amusement park. It will contain Big Rivers Waterpark, The Grove Factory Outlets, Speedsportz Racing Park, Grand Texas Sportsplex, Grand Texas RV Resort, and a promenade featuring numerous dining, shopping, and entertainment venues. Dozens of co-developers and partners are working with Grand Texas to provide additional developments and destinations.
 
This auto repair shop has 10 employees, including 6 technicians plus the owner. The business is located on 1.5 acres, easily accessible to nearby major thoroughfares.  The property includes a residence and two apartments over the shop that could provide additional rental income or be used by the new owner. The 6,839 square foot shop building is relatively new.
 
The owner started this business in 1998 and was ready to retire after 19 years of operation. He will train and assist the new owners during the transition period.
 
The buyers, a husband/wife team, came from California to enjoy the Texas economic environment. They have much business experience, such as owning a financial planning practice, restaurant management, developed and sold a small hotel, and flipped houses. They purchased the business AND the property, and will assuredly realize an excellent return on their investment in this burgeoning area.
 
This was the only business the buyers looked at with our firm and closed the deal within 3 months of signing a confidentiality agreement to review the business information.
 
Some owner financing was part of the deal.  Tom Pence listed and sold this business.