$224,900 52 Aquidneck Drive Tiverton, RI

MLS: 1257845   Type: Commercial   County: Newport   City: Tiverton   Zip: 02878   Style: Business  

Mortgage $1,056 /mo



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This has been an ongoing business for approximately 30 years. The owner is retiring. The main franchise is the lifting equipment Franchise (Donkey) which is for all of New England and Eastern New York. This franchise can be expanded on to add to the bottom line and to expand the customization of heavy trucks at the shop. The business has 4 or 5 "handshake" franchises which have been favorable to both parties. A good portion of the work at the shop is on heavy to medium trucks with bed custom fitting and steel work. If your client is interested in the business, they can step in and continue as "under new management" in a seamless transition. Any buyer will like the Gross v. Net cash flow operations of this business. We have preliminary past three year cash flow numbers available for qualified buyers with the past three years of tax returns for the due diligence of contracted buyers. Call soon, this should sell fast! Rough indications show SALES = $650,000 / Cost of goods and services $400,000 / GROSS Income = $250,000 and the sale includes approximately $85,000 in assets/inventory. Exact & Detailed NOI & assets list for qualified buyers.

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Price History

7/1/2020 Listed $224,900

Current Use Automotive
Electric 200+ Amp Service
Land Lease Y/N No
Property SubType Business
Property Type Commercial Sale
Sewer None
Total Units 1

Interior Features

Above Grade Finished Area 0
Total Baths 0

Exterior Features

Lot Size Area 0
Lot Size Square Feet 0
Number of Buildings 0
Road Frontage Type Private Road
Road Surface Type Asphalt
Total Parking 8

Property Schools

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Property vs Zip Code Avg (02878)

Price 224K Avg 514K

Visits 34 Avg 14

Days on Site 321 Avg 142

Walkscore® 31 Avg 26

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Century 21 Topsail Realty

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Location & Address

Albert Realtors
1050 Reservoir Avenue
Cranston, RI