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    Address Not Available By Request

    Morton Grove, IL 60053
    • $225,000
    • STATUS: Active
    • ON SITE: 106 days
    • MLS #: 10819902
    UPDATED: 44 min ago
    $225,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,500
      SQFT
    • $90
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    Fantastic franchise opportunity. Well established Midas automotive shop with lobby, office area, two restrooms, and guest parking. High visibility location, N.W. adjacent corner to Edens Expressway & Dempster. Currently staffed with 3 mechanics/techs. Superb future growth potential for new owner. Regional & national advertising included. Midas franchisees enjoy discounts on parts, enhanced warranty support, and national training program for managers & technicians. Purchase includes business & franchise fee, extensive hard/soft inventory, client list, and owner transition training. Arm chair investor/franchise owner takes a full salary. Business only for sale, new owner will have to take over current lease and taxes. Please do not talk with employees.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2020-12-01T11:54:45.83 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    Address Not Available By Request Morton Grove, IL 60053

    • Price: $225,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 10819902
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,500
    SQFT
    $90
    $/SQFT
    Neighborhood:
    Morton Grove
    County:
    Cook
    Area:
    Morton Grove
    Property Description
    Fantastic franchise opportunity. Well established Midas automotive shop with lobby, office area, two restrooms, and guest parking. High visibility location, N.W. adjacent corner to Edens Expressway & Dempster. Currently staffed with 3 mechanics/techs. Superb future growth potential for new owner. Regional & national advertising included. Midas franchisees enjoy discounts on parts, enhanced warranty support, and national training program for managers & technicians. Purchase includes business & franchise fee, extensive hard/soft inventory, client list, and owner transition training. Arm chair investor/franchise owner takes a full salary. Business only for sale, new owner will have to take over current lease and taxes. Please do not talk with employees.
    Exterior Features

    Approx Land Sq Footage 2500 Construction Materials Brick Frontage Type City Street Location Mixed Use Area Outdoor Parking 6-12 Spaces Parking Total 7 Waterfront YN No

    Interior Features

    Cooling Central AirExhaust Fan Heat Ventilation Central Bldg HeatForced Air

    Property Features

    Additional Parcels YN Yes Adj Net Income Year 2019 Adjusted Net Income 0 Annual Rent For Real Estate 44798 Business Age 7-10 Years Business Name Midas Business Type Auto Service Cost Of Goods Sold 85000 Cost Of Goods Year 2019 Current Use Commercial Existing Lease Type N/A General Information 24-Hr Notice RequiredList Broker Must AccompanyNo Sign On PropertyAfter Hours OnlyHighly Confidential Gross Payroll 114000 Gross Payroll Year 2019 Gross Profit 304000 Gross Profit Year 2019 Gross Sales Ann Year 2019 Gross Sales Annual 389000 Inventory 130000 Inventory Year 2019 Known Encumbrances Other Leaseable Area Units Square Feet Lot Size Dimensions 0 Net Operating Income Year 2019 Net Profit 0 Non- Disclosure Agreement Required YN No Number Of Full Time Employees 3 Number Of Part Time Employees 1 Operating Expense 0 Ownership Type Other Ownership Type1 Other Possible Use Commercial Property Offered For Sale Only Real Estate Included YN No Sale Includes BusinessLicense/PermitEquipmentFranchise Transfer FeeTrade FixturesInventoryCustomer ListFranchise RightsBusiness Name Sales Taxes 0 Sales Taxes Year 2018 Seller Will Other Tax Annual Amount 32107 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceOperating StopsTaxesInsuranceRepairsRoof Total Operating Expenses Year 2019 Type Bus / Bus W/Real Est Type Of Lease None Unincorporated YN No

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Hometown Real Estate.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2020-12-01T11:54:45.83 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    Ryan Dallas Real Estate
    4112C Fieldstone Road
    Champaign IL, 61822