Address
52 Aquidneck Drive Tiverton, RI
Price
$ 224,900
Property Attributes
  • MLS#1257845
  • TypeCommercial
  • CountyNEWPORT
  • CityTiverton
  • AreaTiverton
  • Zip02878
  • StyleBusiness
  • Price$ 224,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Century 21 Topsail Realty
Property Description

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.

Price History
7/1/2020 Listed $224,900

General Features

Current Use Automotive
Electric 200+ Amp Service
Property SubType Business
Property Type Commercial Sale
Sewer None
Total Units 1

Exterior Features

Road Frontage Type Private Road
Road Surface Type Asphalt
Total Parking 8

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 02878

Price
AVG $500K
$220K
Visits
AVG 10
12
Year Built
AVG 1965
1975
Walkscore
AVG 34
31
Data Provided by Walkscore ® not using MLS data

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