Mark's Muffler Shop

Business Opportunity for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30787002
Property Subtypes: Auto Related
Building Size (RSF): 2,372 SF
Sale Price: $450,000 - 500,000
In Opportunity Zone? Yes
Name of Establishment: Mark's Muffler Shop
Gross Revenue: $776,000 (Annual)
Cash Flow: $176,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 6/7/2022

Overview / Comments

SELLER IS EXTREMELY MOTIVATED
ALL OFFERS BEING STRONGLY CONSIDERED

Mark's Muffler Shop is a real landmark in post Katrina history of New Orleans. Founded almost 40 years ago in 1984, this is an unparalleled opportunity to own and operate a thriving specialty exhaust and fabrication muffler shop. Experience in the auto industry is a requirement. The current owner is willing to stay on and train a new owner for an agreed upon time frame. A new owner would be stepping into a business that currently has a tremendous volume of referral and repeat business that is also growing 20% annually. This shop is currently owned and operated by one person. A younger owner could easily absorb the growth of the business immediately by hiring employees as the facilities will support it. Running this business as owner/operator or semi-absentee can both yield a strong and expedited return on your investment. This is the preferred muffler shop within a 30 mile radius with 4.8 stars on Google. A new owner should expect great success. All interested parties will need to sign the NDA.

KEY DETAILS:
-There are 2 racks. Could add up to 2 more
-3 employees, including owner
-Property Taxes are approx. $1900/year
-Equipment valued at $26,000 includes: 2 racks, 2 industrial grade welding machines, acetylene-oxygen industrial grade cutting and welding torches, pipe bending and fabrication machine, air compressor, snap on tool box, whole building generator, security cameras, security system (ADT)
-Inventory worth upwards of $50,000 including nuts, bolts, brackets, pipes, resonators, direct fit, universal, mufflers, catalytic converters, pipe assembly, etc.

ABOUT CRIME:
Never been robbed once in almost 40 years. Broken into once, which was right after Katrina with no electricity and no alarm system. Other than that, the owner has always had alarms, cameras, and good neighbors. It is also on the main street with traffic always going by. This neighborhood is on an upward trend. From St. Claude to the river is the historic Holy Cross neighborhood. Renovations and new construction homes are an ongoing thing. This neighborhood has always been better than across the canal due to it being single family and double type homes and not big government project type housing.

ABOUT FINANCING:
There are unique financing options available for this area of town from the city as well as the state. This property is located in an Opportunity Zone, and it is along the area of St Claude in the 9th Ward that is part of the "Main Street" Program designed to revitalize the area. Reach out to the NOLABA and the LED for more information.

New Orleans Business Alliance
Louis David
337-278-3149

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Industry Segment: Auto Body and Repair
Reason for Selling: retirement
Value of Inventory Included ($): $50,000
Value of Furniture, Fixtures, and Equipment ($): $26,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $450,000

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,308 99,628 301,596
Median Age: 35.69 37.54 35.95
Households: 3,991 42,798 123,927

Contact

Photograph of Listing Agent

Russell Bernstein

Metairie, LA
LACDB Member
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.