Here is a marvelous opportunity to own a well-established and thriving auto rental business strategically located right in the business district of Lawrence with high visibility. Business is privately owned and not in a franchise. It has been in operation for over 21 years with a yearly cash income of over $700k and a monthly cash flow of $55k-$60k. Sale includes commercial real estate which is comprised of first floor offices and two residential units that yield an additional monthly income of $3k. There is a huge fenced-in parking lot with a big garage area for auto detailing. Business inventory includes 40 vehicles of assorted makes and models. This is an up and running, solid business with repeat customers. Take it over to continue the cash flow privately or be part of a franchise. Owner is retiring after many years in business. Full inventory list and books will be provided upon request as needed. Serious Buyers only. Please contact agent for more details and inquiries.
78 Confidential Street, Lawrence, MA, 01843
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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