Well Est. Truck Repair, Sales & Inspection Service

Business Opportunity for Sale
Catylist Listing ID: 30343603
Property Subtypes: Auto Related
Building Size (RSF): 4,681 SF
Sale Price: $549,900
Name of Establishment: Tap Auto Service, Inc.
Year Business Established: 1964
Gross Revenue: $290,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to Seller Preferred Possible Seller Financing negotiable based upon down payment & credit qualification.
Last Updated: 11/16/2018

Overview / Comments

A & E Station
Specialties: Sales & Service of auto, light & heavy duty trucks +
Rhode Island Auto, Truck, Trailer & Diesel Inspections plus FICA truck inspections.

Multiple garage structure with parts / storage areas of approx. 4681 sq.ft. set on approx. .46 AC lot (20,037 sq.ft.). Note: updated roof.
Service shop/ garage with 7 overhead doors ( oversize).
Additional 2 house lots (approx. 4791 sq.ft. each) adjacent to subject property at rear on Vivian Ave. on corner. Waterline on Vivian Ave., Sewer connection possible for subject on Grand Ave.

UPDATED LICENSES (dealer & inspection)....Equipment included in sale.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Industry Segment: Other Auto Related
Reason for Selling: Plans for retirement.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $50,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Mgmt/Training Support Description: Seller available during agreed upon transition period.
Competition/Market Description: Specialty Truck and inspection services in region for vehicles old and newer.
Growth/Expansion Opportunities: Well established and located auto & truck servicing & sales business situated just off Mendon Road (rte. 122) near connection via rte. 99 to rte. 146 & 295. Easy access into Massachusetts & to rte. 295 & 95 and app points north, south, east and west.
Seller Financing Description: Possible Seller Financing negotiable based upon down payment (proof of funds) & credit qualification.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,683 65,038 126,016
Median Age: 38.05 39.25 40.1
Households: 2,612 26,713 48,404
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